The latest data from Chinese factories shows a big-time money problem. Septemberʼs profits dropped by 27.1% (which is way worse than Augusts 17.8% fall)‚ while the nine-month stats went down 3.5% instead of going up like before
The whole money-making picture isnt looking good — Chinese business growth hit its lowest point since early-23. The building sector keeps having issues; and prices are going down which makes selling stuff harder. Export numbers arent helping either: theyʼre getting smaller and people dont want to take loans
Hereʼs how different business types did from Jan to Sept:
* State companies: down 6.5%
* Foreign businesses: up 1.5%
* Local private firms: down 0.6%
Car-making got hit real hard too — the industry lost about 21.4% of its money (thats like 30.5 billion yuan) in just one month. The numbers come from companies that make at least 20-million yuan per year from their main work
The Finance Minister is trying to fix things: heʼs planning to put more money into the system. The central bank already started helping last month — they made the biggest money-support changes since covid times. But nobodyʼs saying exactly how much cash theyʼll use to make everything better