China's Industrial Profits Continue To Plunge
Edited By WION Video Desk
Published: Oct 28, 2024, 05:55 IST | Updated: Oct 28, 2024, 05:55 IST
As deflationary pressures hurt finances, profits at china's large industrial firms fell more quickly in September than a month earlier. This comes despite Beijing's unprecedented stimulus blitz. Following a 17.8% decline in august, industrial earnings at major Chinese firms dropped 27.1% last month. Profits in the first nine months of 2024 are down 3.5% compared to last year. Watch in for more details!
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