TOKYO — Chinese listed companies are still suffering from weak earnings. Net profit for 2024 at roughly 5,200 companies fell 13% from the previous year, marking the second straight year of decline and the first back-to-back drop since 2000.
A prolonged real estate slump has dragged down a range of sectors, including consumer-facing industries such as dining. If so-called deflationary exports — shipping excess inventory to third countries in response to U.S. tariff policies — grow, they could threaten the global economy.
