How did China’s Industrial Giants Perform in September?



Andrew Mullen | SCMP

China’s industrial giants saw their monthly profits grow for a fifth consecutive month in September, while remaining negative over the first nine months of the year.

In September, profits of large industrial firms increased 10.1 per cent compared with a year earlier, though this was lower than the increase of 19.1 per cent in August according to data from the National Bureau of Statistics (NBS).

In the first nine months of the year, industrial profits at China’s biggest firms fell by 2.4 per cent year on year, with May, June, July, August and September representing the only months of growth in 2020.

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