China’s Industrial Profits Experience Seventh Consecutive Month of Decline
Profits at China’s industrial firms fell 6.7% in July compared to the same month a year ago, extending this year’s decline to a seventh month as sluggish demand squeezed companies and China’s post-pandemic recovery faltered. Earnings Drop Continues According to data released by the National Bureau of Statistics on Sunday, earnings fell 15.5% year-over-year for…