In­dus­trial prof­its post first an­nual drop

China Daily (Canada) - - BUSINESS -

Prof­its of in­dus­trial com­pa­nies in China posted their first an­nual de­cline in data since at least 2000 as de­mand and sales weak­ened amid the eco­nomic slow­down. Cu­mu­la­tive prof­its of the in­dus­trial en­ter­prises fell 2.3 per­cent in 2015, theN­ational Bureau of Sta­tis­tics said onWed­nes­day, af­ter a 3.3 per­cent gain the prior year that was the weak­est in at least 15 years. Prof­its in De­cem­ber fell 4.7 per­cent from a year ear­lier, slump­ing for a sev­enth month, af­ter a 1.4 per­cent drop in­Novem­ber.

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