China’s Industrial Profits Growth Slows, Fueling Calls for Continued Stimulus

Workers are diligently engaged in production at the Jingjin Filter Press factory in Dezhou, Shandong province, China on August 25, 2022. This image is by Siyi Liu for Reuters/File Photo.
BEIJING, Nov 27 (Reuters) – In October, China’s industrial firms saw a 2.7% year-on-year increase in profits, marking a slow down from the previous two months. This stagnation suggests the need for more policy support from the Chinese government as global demand remains soft. Read about how this impacts the world’s second-largest economy and what it means for policy changes and financial support.
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