Economy

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China's industrial profits plunge at fastest pace since the pandemic (www.cnbc.com)

submitted 11 months ago by tuxbot to c/economy@lemmy.world

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[–] NaibofTabr 7 points 11 months ago

Hmm, who wants to bet that China's whole interest in establishing BRICS is to export some of their economic risk outside of their boarders?

These "plunging profits" aren't a trend yet, they don't necessarily mean China's economy is coming apart, but they are an indicator of potential instability. So what do you do when you're facing internal financial instability? You find ~~suckers~~ partners to ~~prop up~~ invest in your ~~shoddy labor market~~ economic system.