China’s Jan-Nov industrial profits fall 4.4% from a year earlier

Profits at China’s industrial firms in the first 11 months of 2023 declined 4.4% from a year earlier, official data showed on Wednesday, as businesses struggled with weakening demand amid a stuttering post-pandemic recovery. The lower profits eased from a 7.8% decline in the first 10 months of the year, National Bureau of Statistics (NBS) data showed.

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