China industrial profits fall

Monday 29 April 2013

Chinese industrial profits for March are out and will not improve the mod of markets down sharply to 12.1% from 17.2% in February:

Aside from this being a direct input into GDP, what on earth are profits doing falling off as we enter a recovery phase when lowered costs should meet new demand and profits boom?

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.