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.
(Market News Provided by FXstreet)