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by marianatom
1161 days ago
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According to the office for national statistics in China, for jan/feb of 2023 http://www.ce.cn/xwzx/gnsz/gdxw/202303/27/t20230327_38464161..., car manufacturing profits is down 41%. non-metal products manufacturing profits is down 39%. chemicals manufacturing profits is down 56%. electronics manufacturing profits is down 71%. In fact, all businesses have dropped 22% in profit. That's data with existing businesses. It's been reported that within the last 2 years, China has had 1M+ SMB closures. |
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