China's industrial profits fall in June, add to fears of slowdown

Topics China | Chinese goods


Profits earned by China's industrial firms contracted in June after a brief gain the previous month, fuelling concern that a slowdown in manufacturing from a bruising trade war will drag on economic growth. China's industrial profits have been softening since the second half of 2018 as the economy slowed and the US-China trade dispute escalated, with many industrial firms putting off business decisions and scaling back manufacturing investment.

Economic growth in the second quarter slowed to a near 30-year low. Industrial.

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