Economics

Industrial Profit Growth Keeps Falling In China: Chart

Industrial profits dive in December

Excess capacity and the deflationary forces associated with plunging crude oil prices devastated manufacturers’ profits last month. Overcapacity, deflation hit factories; fortunes of State enterprises, private sector diverge Excess capacity and the deflationary forces associated with plunging crude oil prices devastated manufacturers’ profits last month, with a year-on-year plunge of 8 percent, the National Bureau of…

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