Reported 1 day ago
China's industrial profits declined at a slower rate in November, decreasing by 7.3% year-over-year compared to a 10% drop in October, indicating some recovery amidst soft domestic demand. Despite ongoing challenges in the economy, such as a downturn in housing and trade uncertainties, recent economic stimulus measures appear to be having a positive effect. However, for the first 11 months of 2024, industrial profits still fell by 4.7%, highlighting ongoing weak private demand.
Source: YAHOO