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

November, 27 2024

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 enterpris... Read More

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