Reported about 2 months ago
China's industrial profits grew by 4.1% in July, marking the fastest increase in five months, though concerns about weak domestic demand persist. Despite a 3.6% profit increase in the first seven months of 2024, the overall outlook remains challenged by ongoing industrial deflation and a complicated external environment. Analysts warn that while exports have bolstered profits, the domestic demand weakness could hamper future growth.
Source: YAHOO