“The profits of industrial companies in China fell for the third consecutive year in 2024, which emphasizes the urgent need for politicians to strengthen the support of the economy, which faces customs threats from the Trump administration.”, – WRITE: epravda.com.ua
The profits of industrial companies in China fell for the third consecutive year in 2024, which emphasizes the urgent need for politicians to strengthen the support of the economy, which faces customs threats from the Trump administration. About it reports Reuters. According to the National Bureau of Statistics (NBS), industrial profit in December increased by 11% compared to the same month last year after falling by 7.3% in November. For the entire year, industrial companies fell by 3.3%, continuing the fall by 4.7% for the period from January to November. This is compared to the fall of 2.3% in 2023. Advertising: according to official data, in 2024 selling prices at industrial enterprises decreased for the second year in a row, which led to a reduction in the profits of corporations and income of workers. Exports gained in December, partly due to the fact that the factories were in a hurry to export stocks abroad, preparing for increased trade risks under Trump’s presidency. The income of state -owned companies in 2024 fell by 4.6%, foreign – by 1.7%, and private – by 0.5%. Advertising: Recall: Yuan grew up with assets sensitive to China’s economy, against the background that President Donald Trump refuses to threaten the introduction of higher export tariffs from this country. President Donald Trump said he would prefer to avoid the introduction of duties on China. It is his next soft signal about the second largest economy in the world, despite the fact that it continues to threaten large -scale actions.