PMN Business

PMN Business, REU

China’s industrial profit growth slows as factory-gate deflation weighs

BEIJING — Profits at China’s industrial firms rose for a fifth straight month in September, but at a slower pace as factory-gate deflation and rising raw materials costs undercut a recovery in the manufacturing sector. China’s economic rebound has been gaining momentum following the sharp COVID-19-driven downturn thanks to strong exports, pent-up demand and government […]

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