China's Industrial Profits Drop Further As COVID Woes Take Toll On Economy

China’s Industrial Profits Drop Further As COVID Woes Take Toll On Economy

By Liz Lee and Liangping Gao BEIJING (Reuters) -China’s industrial firms saw overall profits decline further in the January-October period as COVID-19 outbreaks flared up and cities imposed new virus curbs, including targeted lockdowns, dampening economic activity. Industrial profits fell 3.0% in the first 10 months of 2022 from a year earlier. That compares with…

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