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Profits at China's largest industrial plants rose 14.4% year-on-year in September, compared to 4.2% in August, Bloomberg reports. The growth rate of the index was the highest in the last three months, and in the first nine months of the year the total profit of the sector increased by 15.5%. The positive dynamics are due to the increase in producer prices against the background of rising energy prices and high demand for artificial intelligence equipment, which helps companies compensate for weak domestic consumption.

Кролик с Неглинной · · Source

🇨🇳 China · Map

Profits at China's largest industrial plants rose 14.4% year-on-year in September, compared to 4.2% in August, Bloomberg reports. The growth rate of the index was the highest in the last three months, and in the first nine months of the year the total profit of the sector increased by 15.5%. The positive dynamics are due to the increase in producer prices against the background of rising energy prices and high demand for artificial intelligence equipment, which helps companies compensate for weak domestic consumption.

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