BEIJING - Profits at China’s industrial firms slumped in the first two months of the year to their lowest in at least a decade, with the mining, manufacturing and power sectors all seeing sharp falls, as a virus epidemic battered China’s economy.
The reading combines the results for January and February to exclude distortions caused by the week-long Lunar New Year. Industrial production and sales declined significantly amid epidemic control efforts, while the costs of labor and depreciation continued to put pressure on companies, a statistics bureau official said in a statement published alongside the data.The weakness in profits was in line with broader pressures on Chinese factories.
Capitalist bot
Propaganda.
Number of patients in ventilators doubled in New York Latest updates 👇 CoronavirusOutbreak
We shall see after this ends. Infecting the world will take its toll.
Propaganda
难道美国不是这样吗？
It's not about the money we print.. or the world's resources overused right now.. at the fastest pace in history.. It should be about saving the lives of people and what's going to be the rest of human life on this planet if we don't stop it. Like the Bubonic Plague came back.
Karma is a bitch
Ppl starve to death, but no worries, CCP owns huge properties n assets in western countries
Why do they keep eating shark fins?
I guess that's karma for stealing so much of the worlds intellectual properties and using it in said industries. They want to rule the world, and in the process will ruin theirs.
Payback for causing the Commie Chinese Virus. More to come.
Their industry as a global investment is over.
Hope they all go bankrupt! Serves them right for spreading death everywhere in this globe!
Good karma
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