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China's Industrial Profits Fall Amid Property Market Slump | World Business Watch | WION

China's Industrial Profits Fall Amid Property Market Slump | World Business Watch | WION

China’s large industrial firms reported a sharp decline in profits for October, as weak demand and a property market slump hit key sectors. The national bureau of Statistics revealed that combined profits fell 10% year-on-year last month, worsening the year-to-date decline to 4.3%.