- Analytics
- News and Tools
- Market News
- Weakness in China's industrial profits reflecting ongoing deflationary forces – TDS
Weakness in China's industrial profits reflecting ongoing deflationary forces – TDS
Analysts at TD Securities note China’s 9.9% YoY decline in industrial profits in October is the third straight YoY decline revealing that profits are worsening.
“The outcome was the biggest drop since 2011 (when the series began). Weakness in profits reflects ongoing deflationary forces in the economy as reflected in PPI and core CPI. Profits remain under pressure as manufacturing remains in contraction (PMIs) and tariffs are maintained. Unfortunately, there is little hope of a turnaround soon, keeping policy makers on track with the drip feed of targetted monetary easing while pushing for a trade deal.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
