China News

Chinese industrial firms saw their highest earnings surge in nearly two years last month, as production revved up while declines in factory-gate prices eased amid a government campaign to rein in excess capacity. Industrial profits climbed for the second straight month in September, rising 21.6 per cent from a year earlier, their biggest gain since November 2023. That followed a 20.4 per cent jump in August. For the first nine months of the year, profits were up 3.2 per cent, according to data...

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