China's industrial profits fall 5.3% in Sept as trade war toll mounts – Reuters pic.twitter.com/vvdR6laUTX
— Alastair (@StockBoardAsset) October 27, 2019
"Some Chinese property developers are not only cutting prices…employees working for Sunac’s Tianjin unit told their entire staff to buy unsold properties in order to meet the co’s full-yr sales target. They're allowed to buy homes at a 15-20% discount"https://t.co/gR5FosimIT
— China Beige Book (@ChinaBeigeBook) October 27, 2019
China’s Industrial Profit Widens Drop on Economy, Deflation
Profits at Chinese industrial enterprises continued to contract as the economy slows and factory deflation deepens.
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