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The profits of Chinese manufacturing companies have declined, highlighting the obstacles facing the world's second-largest economy.
The Chinese National Bureau of Statistics announced in a statement Saturday that profits of industrial enterprises fell by 3.1% in June compared to the same month last year, according to the Bloomberg news agency. ".
China's economic growth has fallen to its lowest level since 1992 in the second quarter, underscoring the importance of trade negotiations that will resume in Shanghai next week.
Chinese factories are under pressure due to slowing global demand, tariff barriers and profitability, due to the increased risk of deflation of producer prices.
(AFP)
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