China's industrial profits experience biggest fall since 2011

Source: China Daily
© Scanpix/AFP
Profits earned by Chinese industrial firms declined 8.8% on an annual basis in August, after a drop of 2.9% recorded in July, said National Bureau of Statistics. Such weak performance was primarily driven by a fall in the prices for industrial goods. Industrial companies' profits with yearly revenues higher than 20 million yuan made 448.1 billion yuan in August. 
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