Total Profits Of China Large Industrial Enterprises Dropped In First Four Months Of 2023

According to data from the National Bureau of Statistics, total profits of industrial enterprises above designated size totalled 2.0329 trillion yuan from January to April, a drop of 20.6% year on year.

The National Bureau of Statistics stated that in the next stage, efforts should be made to restore and expand demand, further improve the level of connection between production and sales, and continue to boost the confidence of business entities.

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