China industrial profit slows down as demand shrinks

Source: Reuters
© Scanpix/RS
China shows signs of weakness, as the industrial profit growth decreased. Chinese manufacturers have grappled with falling prices, with PPI falling 1.8% in September with respect to the month one year earlier. The annual economic growth is rising at the weakest pace since the global financial crisis. It may have also been the new levy on the earnings of some energy companies that has contributed to the slowdown.
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