China industrial profits slump, revises GDP growth up to 8.4%
27 Dec 2022
Profits at China’s industrial firms contracted further in the January-November period as strict COVID 19-related curbs disrupted factory activity and supply chains, but analysts foresaw brighter long-term economic prospects after a U-turn in COVID policy. Industrial profits fell 3.6 per cent in January-November from a year earlier to 7.7 trillion