Li Yuan Retweeted Li Yuan
According to the chief economist at the China Merchant Bank, the profit growth from the private sector should be worse. He found that thousands of companies were shut down in the so-called supply side reform that started in 2016. They fell off the radar of the statistics bureauhttps://twitter.com/LiYuan6/status/1047642129239949312 …
Li Yuan added,
Li YuanVerified account @LiYuan6
How bad has it become? For those of us who like numbers, industrial profit growth for SOEs rose from 1.4% in 2015 and 2% in 2016 to 45% in 2017 and 30.5% in the first seven months in 2018. Meanwhile, profit growth remained more or less flat for private businesses. pic.twitter.com/5G8NwkoJH5
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5:24 PM - 3 Oct 2018
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