Skip to content
Daily News
Oil Pushes Higher As US Strikes In Syria Raise Mideast Tensions
Dollar Eyes Weekly Gain As US Economy Stays Robust
Published by: dailynews
Published on:

China Industrial Profits Rise Again As Growth Stabilizes

Published by: dailynews
Published on:

China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover.

Industrial profits increased 11.9% from a year earlier, according to data published by the National Bureau of Statistics on Friday. That comes after a 17.2% surge in August, which was the first expansion in more than a year.

For the first nine months of 2023, profits fell 9% from a year ago, narrowing their decline from a 11.7% drop in the first eight months of the year.

Read the full story on Bloomberg here.