2015-12-28reuters.com

Profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, statistics bureau data showed on Sunday... China's producer prices have been in negative territory for nearly four years due to weak domestic demand and overcapacity.

The country's top leader last week outlined main economic targets for next year after they held the annual Central Economic Work Conference, where it said the government will push forward "supply-side reform" to help generate new growth engines in the world's second-largest economy while tackling factory overcapacity and property inventories.

Sounds like China need demand-side reform...



Comments: Be the first to add a comment

add a comment | go to forum thread