FILE PHOTO: An employee works on the production line for solar panels at a factory of GCL System Integration Technology in Hefei, Anhui province, China May 16, 2024. China Daily via REUTERS
BEIJING: China's industrial profits fell in October, after two months of growth, official data showed on Thursday, as businesses grappled with lacklustre domestic demand and an export downturn.
The drop could fuel calls for more government support measures to encourage domestic consumption and wean the manufacturing powerhouse off its reliance on exports as China confronts tariffs and growing trade barriers.
