Chinese Economics Thread

Wrought

Wrought

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Industrial profits continued their rapid recovery for the second month in a row, with profits up 21.6% YOY in September (in August they were up 20.4% YOY). That boosted profit growth up to 3.2% YTD (from 0.9% YTD in August).

9月份，规模以上工业企业利润同比增长21.6%。

1—9月份，全国规模以上工业企业实现利润总额53732.0亿元，同比增长3.2%（按可比口径计算，详见附注二）。
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bsdnf

bsdnf

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SanWenYu said:
Interesting. China is becoming the top producer of many "high end" raw foods mostly found on non-Chinese menus: 44% of the global caviar market, foie gras and truffle both close to 30%. Additionally, the Heilongjiang province alone produces the most cranberries in Asia. Inner Mongolia and Jilin have built tens of Wagyu cattle farms.

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China is so large and covers so many latitudes that certain foods, which some nations view as unique to their own national narrative of "身土不二" (body and land are one) formed during industrialization, can actually be reproduced here.
 
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