China Industrial Profit Growth Cools in July
China reported slower industrial profit growth in July as weak domestic demand and rising input costs weighed on manufacturers. While export-focused tech sectors surged, consumer and property industries struggled.
Xurve View
Insights:
Xurve View
China's industrial profit growth cooled to 11.2% in July as domestic demand slowed, down from 15.1% in June, official data showed Thursday. The $20 trillion economy faces pressure from rising input costs and sluggish local consumption. The slowdown increases pressure on policymakers to roll out fresh stimulus measures to support growth.
