PROFITS from China's industrial firms grew 11 per cent in December from the same month last year, following a 7.3 per cent drop in November, according to National Bureau of Statistics (NBS), Reuters reports.
For the year, earnings profits dropped 3.3 per cent, extending a 4.7 per cent decline in the January-November period, NBS data showed. That compares with a 2.3 per cent decline in 2023.
China's GDP grew five per cent last year, reaching the official target, following extensive government stimulus measures. But the economy has been beset by a stuttering property market, flagging domestic demand and fragile business confidence.
SeaNews Turkey
For the year, earnings profits dropped 3.3 per cent, extending a 4.7 per cent decline in the January-November period, NBS data showed. That compares with a 2.3 per cent decline in 2023.
China's GDP grew five per cent last year, reaching the official target, following extensive government stimulus measures. But the economy has been beset by a stuttering property market, flagging domestic demand and fragile business confidence.
SeaNews Turkey
