More worrisome was the discrepancy between profits from - TopicsExpress

More worrisome was the discrepancy between profits from companies’ core businesses, which were flat on year in December, and the growth in total profits – implying that China’s larger firms are relying on property investment, shadow bank lending or other activities rather than their core business to turn a profit. For the full year, total profits rose by more than 12 per cent but profits from core businesses rose by a mere 4 per cent.

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