✉news BusinessEconomy first seen 3 h ago, last 28 min ago, peak #18
China's industrial profit growth slows to 4.2% in August
Original: China posts weakest industrial profit growth this year, expanding 4.2% in August
Chinese industrial companies saw profits grow 4.2% in August, the weakest pace recorded this year, according to newly released official data. The slowdown points to continued pressure on the country's factory sector, with businesses facing weak demand, falling prices and thin margins. Analysts say the figures add to concerns about the strength of China's economic recovery and could increase calls for further stimulus from Beijing.
Why now: Fresh official data showing the weakest industrial profit growth of the year is raising concerns about the pace of China's economic recovery.
ChinaNational Bureau of Statistics of China
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