Industrial profit in China contracted for a second consecutive month in September as producer prices continued to fall;
China's huge industrial sector is under pressure between trade tensions and tariffs have been changed in Washington and Beijing. Reuters reported that profit has slowed down considerably since the second half of last year, but Beijing has stepped up support measures and has seen some recovery in the industry.
However, the delivery of factory doors, a key indicator of corporate profitability, has fallen at top speed for more than three years;
From January to September, industrial companies' profits fell 2.1 percent year on year to 4.59 trillion yuan.
Profits of state-owned companies fell 9.6 percent in the first nine months.
The oil, coal and other fuel processing industries were the most affected and their profits shrank by 53.5% in nine months.