Chinese company profits slump as piecemeal stimulus fails to reignite economy
South China Morning Post 2023-09-06 06:30:10 • 1 min
The 5,000-plus companies trading on the Shanghai and Shenzhen stock exchanges posted an average 9.6 per cent year-on-year decline in profit for the second quarter, compared with a 1.3 per cent increase in the previous quarter, according to Haitong Securities.
