China industry core earnings fall in Sept; Q3 unemployment stable
Core business revenues at industrial firms decline 0.5%, National Bureau of Statistics data show
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 same period a year earlier, the National Bureau of Statistics (NBS) said on its website.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons