Share
March 27, 2020 4.19 Industrial profits in China drop 38.3% in the period January-February 2020, the heaviest drop ever since the start of homogeneous data collection. As a result of the covid-19 pandemic, larger corporations see profits drop to 4,110 billion yuan ($ 580 billion). The profits of state-owned companies (-32.9%) and private ones (-36.6%) are down. Of the 41 sectors examined, 37 report very heavy falls.Covid-19, Chinese economy in decline
2020-03-27T03:30:34.746Z
4.19 Industrial profits in China drop by 38.3% in the period January-February 2020, the heaviest drop ever since the beginning of homogeneous data collection. As a result of the covid-19 pandemic, larger corporations see profits drop to 4,110 billion yuan ($ 580 billion). The profits of state-owned companies (-32.9%) and private ones (-36.6%) are down. Of the 41 sectors examined, 37 report very heavy falls.
Source: rainews