China's industrial profits drop at a faster pace in Dec

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Mumbai) - China's major industrial companies booked a combined profit of CNY816.72 billion in December, down 4.7% y/y, compared with a decrease of 1.4% in November, the National Bureau of Statistics (NBS) stated on its website.

    Total profits in 2015 was CNY6,355.4 billion, down 2.3% from a year earlier, compared with an increase of 3.3% in 2014, the NBS said.

    The NBS noted that high costs and tight liquidity curbed companies' production and operations, along with weak domestic and global demand.
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