October 27, 2018 / 1:42 AM / 20 days ago

China's September industrial profits up 4.1 pct y/y

BEIJING, Oct 27 (Reuters) - Profits at China’s industrial companies in September rose 4.1 percent from a year earlier, but slowed from 9.2 percent in August, the National Statistics Bureau (NBS) said on Saturday.

Industrial profits increased 14.7 percent in the first nine months of the year from same period year earlier, versus a 16.2 percent growth in January-August period.

Industrial firms’ liabilities rose 6.1 percent from a year earlier by the end of September to 63.1 trillion yuan, compared with an increase of 6.6 percent by end-August.

Chinese policy makers are trying to walk a tightrope between supporting economic growth and tamping down financial risks. A heated trade war with the United States has added to the pressure on overall output, and threatens to chill business investments and earnings growth.

Data earlier last week showed the economy growing at the weakest pace since the global financial crisis. (Reporting by Beijing Monitoring Desk and Ryan Woo; Editing by Michael Perry)

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