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CHINA PRESS: China July Industrial Profits Supported By Base Effects

CHINA PRESS

China’s industrial profits grew by 4.1% y/y in July supported by low base effects, according to Wu Chaoming, deputy director of the Caixin Research Institute. Industrial profits from January to July went up 3.6%, showing macro policy effects have emerged and market demand is gradually recovering, according to Zhou Maohua, macro researcher at Everbright Bank. However, the industrial sector faces challenges from weak demand, an uneven recovery, fluctuations in international energy commodity prices and overseas demand uncertainty, Zhou added.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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