and for the YTD y/y comes in at +34.3%
- prior 38.0% YTD y/y
- the YTD figure is of course January to December, thus 2021 profits up solidly on 2020 (not surprisingly)
A solid gain despite the challenges facing China re COVID-19 outbreaks and high input costs.
Commentary via the stats people in China (NBS):
- profit growth has dropped significantly in November and December
- downstream industries, especially SMEs, are still under great operating pressure
- the number of loss-making enterprises is still large
- the industrial economy still faces many challenges in 2022
more to come
