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(MENAFN – Al Watan) The profits of Chinese manufacturing companies have fallen, highlighting the obstacles facing the world's second largest economy. The Chinese National Bureau of Statistics announced in a statement released yesterday that profits of industrial enterprises fell by 3.1% in June compared to the same month of last year, according to the news agency. Bloomberg ". 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 mills are under pressure from slowing global demand, tariff barriers and profitability, due to the increased risk of deflation of producer prices.
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