Profit of industrial enterprises in China falls more than by 7%

12:21 - 27.11.2023

November 27, Fineko/ China has seen a decline in industrial profits for the past months of this year.

ABC.AZ reports that the profit of industrial enterprises in China in the period from January to October fell by 7.8% compared with the 2022 same term to the lowest level since December 2022.

Decrease registered in October was less than a 9% drop registered in September.

According to experts, after the pandemic, it is necessary to take more stimulating actions to increase confidence in the market.

After this fall, China’s index CSI 300 fell by 0.75%.


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