China factory profits slip as overcapacity troubles economic recovery
Siuming Ho
Hong Kong | Chinese industrial companies’ profits fell in March as exports flagged and deflationary pressures persisted, suggesting the economy’s stronger-than-expected growth early this year might be tough to maintain.
Industrial profits at large-scale Chinese companies declined 3.5 per cent from a year earlier in March, according to data published by the National Bureau of Statistics on Saturday.
Bloomberg
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