China’s industrial profits plunge -8.8% y/y in August vs. -2.9% July

FXStreet (Mumbai) - As reported by MNI, China's industrial companies have combined profit of CNY448.11 billion in August, down 8.8% y/y, worse than a 2.9% drop in July, the National Bureau of Statistics showed. For the first eight months, industrial profits were down 1.9% y/y.