China's industrial profits grew in May, but at a slower pace due to ongoing economic challenges and a prolonged property downturn.

China's industrial profits grew in May for the second month in a row, but at a slower pace, reflecting ongoing economic challenges amid a prolonged property downturn. Policymakers' efforts to reduce debt and cool the property market continue to affect the broader economy, despite eased pandemic restrictions. Weak domestic demand remains an issue for China's economic recovery.

June 27, 2024
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