China’s industrial giants see profit growth for fourth straight month in August, but still down in 2020

China’s industrial giants see profit growth for fourth straight month in August, but still down in 2020
China’s industrial giants saw their monthly profits grow for a fourth consecutive month in August, while remaining negative over the first eight months of the year.In August, profits of large industrial firms increased 19.1 per cent compared with a year earlier, though this was slightly slower than the increase of 19.6 per cent in July, according to data from the National Bureau of Statistics (NBS).In the first eight months of the year, industrial profits at China’s biggest firms fell by 4.4…