You are here

China industrial profits in biggest fall since 2011

Country's stockmarket plunge and currency devaluation are adding new challenges
Tuesday, September 29, 2015 - 05:50

Beijing

CHINESE industrial companies reported that profits fell the most in at least four years as the pillars of China's infrastructure-led growth model suffered from a devalued yuan, a tumbling stock market and weak demand.

Industrial profits tumbled 8.8 per cent in August from a