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Business trends

China corporate results flash warning sign on economic slowdown

Looser credit helps banks and developers but bad loans on the rise

TOKYO/SHANGHAI -- Falling Chinese corporate profits are flashing a warning sign about the country's deepening economic slowdown, according to an analysis by the Nikkei Asian Review, and easier bank credit can only do so much to keep growth going as bad loans have already hit alarming levels at some lenders.

From carmakers to retailers and commodity producers, company profits are down across most sectors in China for the first nine months of the year, in some cases dramatically. The trade war with the U.S., an outbreak of African swine fever, subsidy cuts and slowing economic momentum have all taken their toll, though a number of online retailers, property developers and banks have continued to expand their profits.

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