China’s Corporate Profits: A Mixed Bag in 2023
In 2023, China’s corporate landscape experienced varied outcomes, with non-financial firms reporting their first profit decline in five years. These companies logged a combined profit of 2.85 trillion yuan ($399 billion), a decrease of 100 billion yuan ($14 billion), or about 3%. This downturn was largely driven by a sluggish property market. It negatively impacted […]