Profits of industrial companies in China drop 8.8% in August

Market news

28 September 2015

Profits of industrial companies in China drop 8.8% in August

China's National Bureau of Statistics (NBS) said on Monday that profits of industrial companies in China declined 8.8% in August from a year earlier. It was the biggest drop October 2011.

Profits in the coal mining sector dropped 64.9%, while oil and gas profits slid 67.3%.

For the first eight months of 2015, industrial profits fell 1.9% from a year earlier.

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