Profits of Chinese enterprises fall for the third month in a row

China's economy continues to experience difficulties. In October, the profit of industrial enterprises decreased by 10% compared to last year, becoming the third month in a row when this indicator shows a negative trend. 

This decline, although less dramatic than in September, when it was 27.1%, still indicates that the Chinese government's stimulus measures have not yet been able to stop the decline in corporate income.

In the first ten months of this year, the profit of industrial enterprises decreased by 4.3% compared to the same period last year. The National Bureau of Statistics attributes some improvement in the situation in October to the implemented stimulus measures.

Despite this, economists note that the situation remains difficult. They attribute a slight decrease in profits to a temporary increase in demand caused by hasty deliveries to the United States before the expected tariff increase.

At the same time, experts expect that fiscal support from Beijing, which will increase next year, will be able to have a more tangible impact on corporate income growth.