Auto,energy & chemical sectors down as Chinese profits dip

Chinese profits. Net profits from China’s largest industrial enterprises fell 8.8% year on year last month (August), according to the country’s  State Statistical Office. Worst hit were the automotive, oil and chemical sectors.
A combination of factors are widely accepted to have contributed  to this poor performance, particularly the devaluation of the yuan and  stock market volatility.

Source: Rosbalt