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China’s industrial profit growth slows due to high commodity prices, coronavirus, component shortages

Published Sep 28 2021 at 3:23 AM GMT
Key
Points
  • Profits at China’s industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, the coronavirus and shortages in some key components.
  • Profits rose 10.1 per cent year on year to 680.
  • 3 billion yuan (US$105 billion) last month compared with a 16.4 per cent gain in July, data from China’s statistics bureau showed on Tuesday.
  • Momentum in the world’s second-biggest economy has weakened in recent….




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  • Published Sep 28, 2021 3:23 AM GMT