China Economy

China’s industrial profits remain weak

David Llewellyn-Smith
Monday, 29 July 2019
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From China’s NBS:

National Bureau of Statistics 7 Yue 27 release of industrial enterprise financial data show that 2019 first half-year, profits of industrial enterprises above designated size decreased year on year by 2.4% , which, in the first quarter fell 3.3 percent , decline in the second quarter by 1.9% , showing a decline narrowed situation.

The benefits of industrial enterprises in the first half of the year showed the following characteristics:

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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.