Caixin
Sep 27, 2018 06:09 PM
ECONOMY

Profit Growth Indicates China’s Industry Under Strain From Trade War

Workers at Dalian Special Steel Products Co. Ltd. are seen on Aug. 17. Photo: IC
Workers at Dalian Special Steel Products Co. Ltd. are seen on Aug. 17. Photo: IC

New industrial data for August suggests China’s industrial companies are coming under strain from the trade war with the U.S. as profit growth decelerated for the fourth month in a row.

Industrial profits grew by 9.2% to 519.69 billion yuan ($75.57 billion) last month, with the growth rate down from 16.2% a month earlier, according to data published Thursday (link in Chinese) by the National Bureau of Statistics (NBS).

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