China's Industrial Profit Growth Slows In September
Profits earned by Chinese industrial firms grew at a slower pace in September, data released by the National Bureau of Statistics revealed Sunday.
Profits rose 18.4 percent year-on-year to CNY 558.9 billion in September. This was weaker than a 24.2 percent growth seen in August.
During the first nine months of the year, industrial profits increased 13.5 percent from the same period last year to CNY 4.05 trillion.
Meanwhile, China's cabinet, also known as the State Council, said it will streamline the corporate registration system by removing some registered capital requirements for establishing new firms.
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