China’s industrial companies’ profit growth drops almost 10% y-o-y in Oct
According to the report from the Chinese government, the profit growth of China's industrial companies had declined 9.9% year on year in October, which was also the third consecutive month.
The decline range was also the largest since 2011, mainly caused by the weak sales growth and the Producer's Price Index for Manufactured Products (PPI)’s kept decreasing.
In the first 10 months of this year, the total margin of the large-scale industrial companies was around 5.02 trillion, which decreased by 2.9% year on year.
