China's state-holding enterprises' profit dropped by 1.3% y/y to 1.5 trillion yuan. Joint-equity's profit down by 1.3% to 3.4 trillion yuan. Foreign ventures+HK+MO+TW rise 6.9% to 1.2 trillion yuan. Private enterprises +2.6% to 1.2 trillion yuan.

From January to Aug, the profit in China's mining sector fell by 9.2% y/y(narrowed) to 0.81 trillion yuan. The manufacturing sector rose by 1.1%(narrowed) y/y 3.3 tln yuan. The electricity, heating, gas, and water supply sector +14.7% (narrowed) to 542.7 billion yuan.

# Long China For Now? Join the Party or Not?

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