Industrial profits declined 1.5% last month from a year earlier. — Bloomberg
SHANGHAI: China’s industrial companies see their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers.
Industrial profits declined 1.5% last month from a year earlier, falling the least since they began shrinking in May, according to data released yesterday by the National Bureau of Statistics.
