China industrial profits fall in H1


(FILES) This file picture taken on February 28, 2019 shows a worker polishing an oil pipe at a factory in Qingdao in China's eastern Shandong province. (Photo by STR / AFP)

BEIJING: China's industrial profits extended this year's double-digit pace of declines into a sixth month as waning demand took a toll on companies' profit margins, bolstering the case for additional policy support measures.

The year-to-date 16.8% fall followed an 18.8% profit decline in January-May, and reinforced a frail economic recovery that brought weaker-than-expected 6.3% growth in the second quarter.

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China , industrial , manufacturing , steel

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