China's industrial profits grow 19.1% y/y in August

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Profits at China's industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year.

FILE PHOTO: A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS

SHANGHAI - Profits at China’s industrial firms grew 19.1% year-on-year in August to 612.81 billion yuan, the statistics bureau said on Sunday, as the vast manufacturing sector extended its recovery from heavy coronavirus shutdowns earlier this year.For January-August, industrial firms’ profits fell 4.4% from a year earlier to 3.72 trillion yuan, better than the 8.1% decrease in the first seven months.

 

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Sounds about right

Shame on you for making CCP's propaganda a news headline - fake news!

China 🇨🇳 USA 🇺🇸

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That’s one of the shortest news article I have ever seen the only source that claims this is the statistics bureau of China controlled by the Chinese communist party 🤦‍♂️

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