The Traderszone Network

Published in TZ Latest News 26 September, 2014 by The TZ Newswire Staff

China industrial profits fall in August in latest weak data

China’s industrial profits fell 0.6 percent in August from a year earlier, reversing from July’s 13.5 percent annual rise, the government said on Saturday, the latest in a series of weak data from the world’s second-largest economy. China’s National Bureau of Statistics did not give a reason for the August decline. The monthly decline adds to recent weak figures that have fueled fears that China is at risk of a sharp slowdown if it does not make fresh stimulus measures.

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