China's industrial profits down 22.9% in first 2 months of 2023
The profits of China's major industrial firms fell 22.9 percent year on year in the first two months of 2023, data from the National Bureau of Statistics (NBS) showed on Monday.
Industrial firms with annual main business revenue above 20 million yuan (about $2.91 million) saw their combined profits reach 887.21 billion yuan in the period, the NBS said. Read More…