China's industrial profits shrink again in December on weak prices, demand
Updated : January 28, 2019 11:32 AM IST
The downbeat data points to more troubles ahead for the country's vast manufacturing sector already struggling with a decline in orders, job layoffs and factory closures as China's economic growth slows to its weakest in nearly three decades.
China's economy expanded 6.6 percent in 2018 and growth is set to slow further this year as Beijing's efforts to reduce debt risks depress the property market and curb credit flows to the private sector, while a crackdown on pollution dents industrial activity.
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