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.
Abaigael Schlomski is an accomplished economist and financial journalist with over a decade of experience in the industry. He is a regular contributor to EconomicInform, where he provides in-depth analysis and expert commentary on the latest economic trends and events. With a keen understanding of the financial markets and a talent for breaking down complex economic concepts for a general audience, Maurice is a trusted and respected voice in the field.