China’s industrial profits drop at a faster pace in Dec

By FXStreet 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.
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Source:: FX Street