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29th Jul 2024 18:26China+Daily Monitor

  • China’s industrial profit growth edged up in June, thanks to better upstream sector profits.
  • But two-thirds of industries saw profit growth ease, echoing the weak domestic demand in Q2 GDP.
  • More stimulus will be deployed to support growth and put profit’s recovery on a more sustainable path.

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Keywords for: 31 July 2024 China+ Monitor

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