China’s industrial profits plunge 9.1%, steepest fall in seven months

China’s industrial profits sink on US tariffs, lingering deflationary pressure

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China faces economy-wide deflation

China faces economy-wide deflation, new data suggested, exacerbated by a bruising price war in the automotive industry. Industrial profits fell 9.1% in May, the sharpest fall in months, and “momentum is clearly rolling downhill,” FX Street reported. Deflation is a concern because it incentivizes consumers to delay purchases, slowing the economy. China’s electric vehicle companies are locked in a race to the bottom on prices, as oversupply and we…

China industrial profits sink 9% in May on ‘weak demand’, US trade dispute

‘Fairly clear deceleration’ in last month’s manufacturing profits suggests trade frictions with Washington are having an impact, analyst says.

Chinese firms' industrial profits decline 9.1% in May, largest fall in 7 months

In Jan-May, industrial profits also down 1.1% due to weak domestic demand, lower prices for products - Anadolu Ajansı

China's industrial profits down 1.1% in Jan-May

Profits of China's major industrial enterprises slipped 1.1 percent year on year in the first five months of the year, said the National Bureau of Statistics (NBS) on Friday.

China's May industrial profits fall 9% amid economic stress & trade war with US

Amid slowing factory output, persistent economic stress, and ongoing trade war with the United States, Chinese industrial profits fell sharply in May by 9.1% compared to the same period last year.