Tag: China COVID-19

China’s July industrial profits down as COVID-19 curbs, heatwaves hit

China’s July industrial profits down as COVID-19 curbs, heatwaves hit

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Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, country’s National Bureau of Statistics said Profits at China’s industrial firms fell 1.1% in January-July from a year earlier, wiping out the 1.0% growth logged during the first six months, country’s […]

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China’s factories slide back to slower growth amid broad demand strains

China’s factories slide back to slower growth amid broad demand strains

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China’s factories lapsed into slower growth in July just a month after rebounding strongly, with persistent demand weakness and domestic COVID-19 outbreaks throwing the country’s vast manufacturing sector back into a fresh period of uncertainty. A private poll by Caixin on Monday showed factory activity expanded at a slower pace in July. That came on […]

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