News Snapshot:
Chinas industrial profits continue to rise as economy recovers from Covid 19 By 0 Major Chinese industrial firms saw their profits surge for the fifth straight month, National Bureau of Statistics (NBS) data shows, as the world’s second largest economy continues to recover from the coronavirus crisis. In September, industrial profits of large Chinese enterprises increased 10.1 percent compared with a year earlier, hitting 646.43 billion yuan (about $96.5 billion). However, profit growth slowed its pace compared to August, when it surged by over 19 percent year-on-year. The statistics agency explained that it was due to changes in industrial product...
