China industry core earnings fall in Sept; Q3 unemployment stable

Beijing

PROFITS earned by Chinese industrial companies fell 0.1 per cent in September from a year earlier, data from the statistics bureau showed on Tuesday, levelling after a record 8.8 per cent collapse in August.

Industrial profits - which cover large enterprises with annual revenue of more than 20 million yuan (S$4.4 million) from their main operations - fell 1.7 per cent in the first nine months of the year compared with the sa…