BEIJING (Reuters) – Official data showed on Monday that the profits of Chinese industrial companies decreased by 3.3 percent in 2024 compared to the previous year, official data showed on Monday that the profits of Chinese industrial companies decreased by 3.3 percent in 2024 compared to the previous year.
This decrease extends 4.7% from January to November, and compares a decrease of 2.3% for the entire year of 2023, according to data from the National Bureau of Statistics.
Industrial profit numbers cover companies whose annual revenues are at least 20 million yuan ($ 2.74 million) of their main operations.
($ 1 = 7.3125)
