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CHINA PRESS: China Industrial Profit Decline Narrows In October

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China saw industrial profits down 10% y/y in October, improving 17.1 percentage points from September, with decline of large, medium and small enterprises narrowing by 27.1 pp, 4.6 pp and 1.5 pp y/y. Wen Bin, chief economist at Minsheng Bank, said the data showed the recent package of incremental and stock policies had boosted domestic demand. Looking ahead, Zhou Maohua, a macro researcher at Everbright Bank said policies to promote consumption and stabilise the property market will gradually form a virtuous circle between market demand and industrial supply.

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China saw industrial profits down 10% y/y in October, improving 17.1 percentage points from September, with decline of large, medium and small enterprises narrowing by 27.1 pp, 4.6 pp and 1.5 pp y/y. Wen Bin, chief economist at Minsheng Bank, said the data showed the recent package of incremental and stock policies had boosted domestic demand. Looking ahead, Zhou Maohua, a macro researcher at Everbright Bank said policies to promote consumption and stabilise the property market will gradually form a virtuous circle between market demand and industrial supply.