Tag: China industrial firms’ profits slip 2.3% in 2023

In 2023, significant Chinese industrial enterprises reported a total gross profit of Yuan 7.69 trillion ($1.07 trillion), marking a 2.3% decline compared to the previous year, according to data released by China’s National Bureau of Statistics (NBS) on 27 January. However, the rate of decline was 1.7 percentage points slower than that observed in 2022.…