China - Industrial companies profits for September

  • Comes in at a 'less bad' result this month, down 0.1% y/y ... less bad that is compared to the previous month of down 8.8%

That's quite a lot less bad. The slowest that its got worse in 4 months!

Commentary from the National Bureau of Statistics:

  • China faces industrial economy slow down pressure
  • Weak demand restricts industrial production