Chinese economy heavily affected by the Trade War

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The sizeable Chinese industry is greatly affected by the trade dispute that the second largest economy in the world has with the United States. According to experts, this can be deduced from new data on the industrial profits in the country. They showed the largest decrease since the measurements started.

It was therefore the sharpest fall since 2011 and the third month in a row that profits declined. Industrial profits fell by 9.9 percent in October, following a fall of 5.3 percent in September, according to figures from the National Statistical Office.

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Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to [email protected]

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