{"id":310151,"date":"2025-11-27T11:46:03","date_gmt":"2025-11-27T11:46:03","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/310151\/"},"modified":"2025-11-27T11:46:03","modified_gmt":"2025-11-27T11:46:03","slug":"chinas-industrial-profits-slump-in-october-as-price-war-deepens","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/310151\/","title":{"rendered":"China\u2019s industrial profits slump in October as price war deepens"},"content":{"rendered":"

China\u2019s industrial profits dropped in October after a strong September, according to official year-on-year data released on Thursday, and analysts are pointing to domestic competition and trade tensions weighing on corporate balance sheets.<\/p>\n

Profits fell 5.5 per cent from a year ago, reversing a 21.6 per cent surge in September<\/a> and a 20.4 per cent jump in August, according to figures from the National Bureau of Statistics.<\/p>\n

For the January-October period, profits earned by Chinese companies of a certain scale rose by 1.9 per cent, slower than the 3.2 per cent growth in the first nine months, the bureau said.<\/p>\n

Profits among manufacturers grew by 7.7 per cent from January through October, while earnings for electricity, heat, gas and water providers expanded by 9.5 per cent. Meanwhile, mining profits saw a year-on-year decline of 27.8 per cent.<\/p>\n

The profit setbacks last month were partly due to a high base effect and rapid growth in financial expenses, the bureau said.<\/p>\n

A cyclical pause in Chinese holiday spending spikes combined with an expected slowdown of spending in the US \u2013 still a major Chinese export market despite the trade war \u2013 could have also chilled profits in October, said Charles Chang, a finance professor at Fudan University in Shanghai.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s industrial profits dropped in October after a strong September, according to official year-on-year data released on Thursday,…\n","protected":false},"author":2,"featured_media":310152,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[4815,45,49,48,138642,95,138643,46,106482,62012,21734,13257,4557,17784,58057,42670,9671],"class_list":["post-310151","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-august","tag-business","tag-ca","tag-canada","tag-chen-zhiwu","tag-china","tag-domestic-competition","tag-economy","tag-fudan-university","tag-national-bureau-of-statistics","tag-national-development-and-reform-commission","tag-october","tag-september","tag-trade-tensions","tag-university-of-hong-kong","tag-us-china-trade-war","tag-xi-jinping"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/310151","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=310151"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/310151\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/310152"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=310151"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=310151"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=310151"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}