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China's industrial profits extend gains as outlook improves
![IndiaTimes]()
Monday, 27 November 2023
Profits at China's industrial firms extended gains for a third month in October, with a 2.7% YoY rise. This follows stronger-than-expected industrial and consumption activity over October. For the first 10 months of 2023, profits slid 7.8% from a year earlier, narrowing from a 9% decline. A flurry of policy support measures has had only modest effect, raising pressure on authorities to roll out more stimulus. China's industrial output grew 4.6% in October compared to the same period last year, although a full-blown recovery remains some time away.
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Monday, 27 November 2023
