Posted inBeijing, China, World

China’s industrial profits surge to 6-year high in September

Profits for China industrial powerhouses surged the most in nearly six years in September as a government crackdown on air pollution sparked fears of winter supply shortages and sent prices of finished goods like steel and copper sharply higher. Sustained earnings growth will give China’s policymakers more room to restructure bloated and often inefficient state-owned enterprises, which […]

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