This post was originally published on this sitehttps://i-invdn-com.akamaized.net/trkd-images/LYNXMPEF8Q05R_L.jpg
BEIJING (Reuters) – Profits at China’s industrial firms declined 2% in August from a year earlier, the National Bureau of Statistics said on Friday.
That compares with a 2.6% gain in July and a 3.1% decline in June.
For January-August, profits were down 1.7% from a year earlier at 517.8 billion yuan ($72.62 billion), the same as a 1.7% fall in the first seven months.
Industrial firms’ liabilities increased 5.0% from a year earlier to 65.81 trillion yuan at end-August, compared with a 4.9% increase in July.
The data covers companies with more than 20 million yuan in annual revenue from their main operations.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.