Disappointing results: Chinese workers labouring on a television set assembly line in a factory in Shenyang. China’s industrial firms post declines in profits for the fifth consecutive month, fanning fears of a rapid slowdown in the Chinese economy. — EPA
CHINESE industrial businesses saw their profits fall by 6.2% year-on-year in August, marking their fifth consecutive monthly drop.
Observers said the disappointing results are likely to prompt the government to adopt stronger measures to boost economic growth.
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