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BEIJING (Reuters) – Profits at China’s industrial firms fell 3.3% in 2024 from the previous year, official data showed on Monday.
The fall extended a 4.7% drop in the January-November period, and compares with a 2.3% decline for the entire 2023, according to National Bureau of Statistics data.
Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.74 million) from their main operations.
($1 = 7.3125 Chinese yuan)
Adani Group shares experienced a rebound on Monday, recovering from last week’s steep losses sparked by U.S. criminal charges against Chairman Gautam Adani and...
By Leika Kihara TOKYO (Reuters) -Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike with one predicting a...
The Department of Defense (DoD) announced two weapons packages for Ukraine on Monday, totaling $2.47 billion. The first of the two, the Presidential Drawdown...
China has launched the first of its new line of amphibious assault ships and its biggest warship yet, strengthening what is already the world’s...
