HomeEconomicEconomic WatchChina's Industrial Profits Down In Q1

China’s Industrial Profits Down In Q1

April 27, 2023

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16825835569626 Profits of China’s major industrial firms fell 21.4 percent year on year in the first quarter of the year, data from the National Bureau of Statistics showed Thursday.

Industrial firms with annual main business revenue of at least 20 million yuan (about 2.9 million U.S. dollars) saw their combined profits at about 1.52 trillion yuan in the period.

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