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28th May 2024 19:08China+Weekly Monitor

  • China’s industrial profit growth was unchanged in April; the recovery is weaker than previously thought.
  • A slowing reflation cycle is to blame, but also excess capacity and rising input costs.
  • Manufacturing profits remain solid, but expect more policy support for the economic recovery.

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Keywords for: 30 May 2024 China+ Monitor

independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence