BEIJING (Reuters) – Profits at Chinese industrial firms fell 3.3% in 2024 from a year earlier, official data showed on Monday.
The fall extended a 4.7% fall between January and November, and compares with a 2.3% fall for the whole of 2023, according to data from the Office for National Statistics.
The industrial profit figures cover companies with annual revenues of at least 20 million yuan ($2.74 million) from their main operations.
($1 = 7.3125)
