China's Sept industrial profits extend gains amid more signs of stabilisation

Canada News News

China's Sept industrial profits extend gains amid more signs of stabilisation
Canada Latest News,Canada Headlines
  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Explore stories from Atlantic Canada.

SaltWire's Atlantic regional weather forecast for October 26, 2023 | SaltWireBEIJING - Profits at China's industrial firms extended gains for a second month in September, adding to signs of a stabilising economy as the authorities launched a burst of supportive policy measures.

For the first nine months, profits slid 9% from a year earlier, narrowing from a 11.7% decline in the first eight months, data from the National Bureau of Statistics showed on Friday. A run of recent data has pointed to a steadying in the world's second-largest economy, which expanded at a faster-than-expected clip in the third quarter after a rapid loss of momentum following a brief post-COVID bounce.

Last week, Chinese battery giant CATL reported a sharp slowdown in profit growth in the third quarter, its weakest quarter since the start of last year amid slowing demand and stiff competition.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaltWire Network /  🏆 45. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

ATLANTIC ECONOMIC COUNCIL: Another challenging year for Atlantic Canada’s economy in 2024ATLANTIC ECONOMIC COUNCIL: Another challenging year for Atlantic Canada’s economy in 2024Explore stories from Atlantic Canada.
Read more »

Conservatives challenging Nasdaq board diversity rule appeal to full 5th CircuitConservatives challenging Nasdaq board diversity rule appeal to full 5th CircuitExplore stories from Atlantic Canada.
Read more »

The Bomadils nominated for three Canadian Folk Music AwardsThe Bomadils nominated for three Canadian Folk Music AwardsExplore stories from Atlantic Canada.
Read more »

Cobequid Wildlife Rehab Centre helping injured critters return homeCobequid Wildlife Rehab Centre helping injured critters return homeExplore stories from Atlantic Canada.
Read more »

July cyber-attack continues to delay tax bills for Kings County, N.S., property ownersJuly cyber-attack continues to delay tax bills for Kings County, N.S., property ownersExplore stories from Atlantic Canada.
Read more »

Amherst man, 22, man facing charges after Springhill stabbing that sent victim to Halifax hospitalAmherst man, 22, man facing charges after Springhill stabbing that sent victim to Halifax hospitalExplore stories from Atlantic Canada.
Read more »



Render Time: 2025-02-22 12:33:58