China’s industrial profit widens drop on economy, deflation

FILE PHOTO: Workers install a Beijing 2022 emblem for a countdown clock to mark the number of days till the opening ceremony of the 2022 Winter Olympic Games, in Zhangjiakou, Hebei province, China May 8, 2019. REUTERS/Stringer

SHANGHAI: Profits at Chinese industrial enterprises continued to contract as the economy slows and factory deflation deepens.

Industrial profits dropped 5.3% in September, according to the National Bureau of Statistics on Sunday.