BEIJING (Reuters) - Profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month as weak ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBEIJING - Profits at China's industrial firms fell 6.7% in July from a year earlier, extending this year's slump to a seventh month as weak demand squeezed companies amid a faltering post-pandemic recovery for the world's second-biggest economy.
Profits were down 8.3% in June, according to the bureau, which only occasionally publishes monthly figures. Major banks have downgraded their growth forecasts for China this year to below the government's target of around 5% as recovery sputters on a worsening property slump, weak consumer spending and tumbling credit growth, prompting the authorities to slash interest and promise further support.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
China defence ministry urges US to stop 'arming' TaiwanBEIJING (Reuters) - China's defence ministry on Friday urged the United States to stop
Lire la suite »
China’s Slowdown Casts a Shadow on Lula’s Big Bet on BeijingSince taking office in January, Brazil President Luiz Inacio Lula da Silva has placed China at the center of his attempts to foster an industrial and economic renaissance in South America’s largest country.
Lire la suite »
China, Canada in talks to increase flights after U.S. deal with BeijingTransport Canada says the weekly number of flights between the two countries has dropped from more than one hundred per week in the summer of 2019 to just 10 this season.
Lire la suite »
China Evergrande says resumption guidance fulfilled, shares set to trade next week(Reuters) - Embattled property developer China Evergrande Group said on Friday it has
Lire la suite »
Head of Japan coalition partner postpones China visit at China's requestTOKYO (Reuters) - The head of Japan's Komeito party, the junior partner in the coalition government, will postpone his planned visit to China at ...
Lire la suite »
How this portfolio manager taking profits and buying defensive stocks ahead of a recessionBrianne Gardner of Raymond James is expecting a mild recession later this year or early next year
Lire la suite »