The data for profits in December is here: China - Industrial profits for November: -1.8% y/y (prior was +3.6%)
- The fall is the first in 3 years
Reuters have a little more on the result up now:
- decline in profits largely reflected slowing growth in sales and producer prices as well as rising costs
- Economists expect earnings to continue to worsen next year, weighed down by smaller gains in industrial prices in the face of cooling demand, with some even warning of the risk of deflation
Here is the link with more still, worth checking out
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This data is a negative input for China proxy trades. As I said in the data post though it'll prompt continued stimulus as well as heightened urgency for resolution of the trade tensions with the US.
