China’s industrial profits shrink in April, add to pressure on economy

BEIJING: Profits for China’s industrial firms shrank in April as ¬†slowing manufacturing activity halted the previous month’s surge, putting more pressure on policymakers to step up support for an economy hit by a bitter trade war with the United States. Earnings at China’s key manufacturing sector have been declining since November last year, with the … Continue reading China’s industrial profits shrink in April, add to pressure on economy