China’s industrial profits fell 0.6 percent in August from a year earlier, reversing from July’s 13.5 percent annual rise, the government said on Saturday, the latest in a series of weak data from the world’s second-largest economy.
Industrial companies made profits of 3.83 trillion yuan between January and August, 10 percent higher than the same period last year. China’s National Bureau of Statistics did not give a reason for the August decline.
The monthly decline adds to recent weak figures that have fuelled fears that China is at risk of a sharp slowdown if it does not make fresh stimulus measures.
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