China’s bearish stock market faces more pressure from weak earnings growth forecast

Corporate earnings are becoming another factor holding back Chinese stocks, with industries ranging from consumer goods to real estate and green energy under pressure because of weak demand or excessive capacity. Profit growth through the first nine months for mainland Chinese listed companies slowed compared with the pace in the first half, according to Shenwan Hongyuan Group. The Shanghai-based brokerage based its forecast on government data on industrial profits, which it said had a high...