China’s industrial profits decreased by 10% in October…economic stimulus package ‘insufficient’
Gross profit index of major industrial enterprises above 2,000 yuanImprovement rather than September’s 27.1% drop… more stimulus package needed ▲Monthly trend of increase/decrease in total profits of major industrial companies in China. Minus(-)10% in October. Source: Bloomberg The total profits of China’s major industrial enterprises in October decreased by 10% compared to the same period … Read more