China’s industrial profits dropped marginally in September from a year ago, figures from the National Bureau of Statistics showed Tuesday.
Industrial profits edged down 0.1 percent year-over-year in September, much slower than the 8.8 percent sharp decrease in August.
Despite September’s industrial profits decline narrowed, but in the case of the industrial economy continue to increase the downward pressure on enterprise efficiency is still not optimistic, the agency said.
During the first nine months of the year, total industrial profits fell 1.7 from the corresponding period of the previous year.
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