China Industrial Profits Collapse In November, Set To Worsen

And more worrying still, looking ahead, industrial profit growth continues to face headwinds, as Goldman expects both industrial production growth and PPI inflation to soften next year, especially in Q1.

And before investors get all gung-ho about "bad news" being "good news" for global markets - because, as the narrative goes, the worse economic data gets, the more monetary and fiscal easing Chinese authorities will unleash - they have been trying this for over six months...

And, as confirmed by today's collapse in profits, it's not working.

1 2
View single page >> |

Disclosure: Copyright ©2009-2018 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every time ...

more
How did you like this article? Let us know so we can better customize your reading experience. Users' ratings are only visible to themselves.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.