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China industrial profits in biggest fall in four years as US tariffs bite

Summary:
[unable to retrieve full-text content]Profits at China’s industrial enterprises shrank 5.3 per cent in September from a year earlier, marking the deepest fall in four years, according to data from the National Bureau of Statistics on Sunday.The fall of profits in September marked an acceleration from the drop of 2 per cent in August and was the biggest decline since August 2015, showing trouble for the world’s second biggest economy as the trade war with the US took its toll on China’s economic activity.In the first nine months,…

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[unable to retrieve full-text content]
Profits at China’s industrial enterprises shrank 5.3 per cent in September from a year earlier, marking the deepest fall in four years, according to data from the National Bureau of Statistics on Sunday.The fall of profits in September marked an acceleration from the drop of 2 per cent in August and was the biggest decline since August 2015, showing trouble for the world’s second biggest economy as the trade war with the US took its toll on China’s economic activity.In the first nine months,…

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