Mainland Industry Set for Profit Recovery

After slowing last year, mainland industrial profits are expected to stage a resurgence, helped by lower cost growth and higher output.

 

Mainland industrial companies’ profits are likely to improve this year, according to analysts, after seeing growth taper off to 5.3% in 2012, which was sharply down from 25.4% in 2011, as the mainland’s economy expanded by 7.8% in 2012, the slowest rate since 1999.

 

~ SCMP, January 28, 2013 ~

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