2023-05-27 21:24:05
Beijing (Archyde.com)
Yesterday, official data showed that the profits of companies in the industrial sector in China declined in the first four months of 2023, as companies continued to suffer from pressures on profit margins, as well as from weak demand amid a faltering economic recovery. Data from the National Bureau of Statistics indicated that profits fell 20.6% from January to April compared to the same period last year, and fell 21.4% in the first three months. In April alone, industrial sector company profits fell 18.2% year-on-year, according to the National Bureau of Statistics, which sometimes only provides monthly data. Profits fell 19.2% in March.
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