Back
27 Jan 2016
China's industrial profits drop at a faster pace in Dec
FXStreet (Mumbai) - China's major industrial companies booked a combined profit of CNY816.72 billion in December, down 4.7% y/y, compared with a decrease of 1.4% in November, the National Bureau of Statistics (NBS) stated on its website.
Total profits in 2015 was CNY6,355.4 billion, down 2.3% from a year earlier, compared with an increase of 3.3% in 2014, the NBS said.
The NBS noted that high costs and tight liquidity curbed companies' production and operations, along with weak domestic and global demand.
Total profits in 2015 was CNY6,355.4 billion, down 2.3% from a year earlier, compared with an increase of 3.3% in 2014, the NBS said.
The NBS noted that high costs and tight liquidity curbed companies' production and operations, along with weak domestic and global demand.