China's equipment manufacturing sector reports 11.5% profit growth in H1 2021, while overall industrial profit growth slows to 3.4% YoY.
China's equipment manufacturing sector reports 11.5% profit growth in H1 2021, supporting overall industrial profit growth. High-end equipment, like LNG carriers, remain competitive globally. However, overall industrial profit growth slows to 3.4% YoY, with lower demand and increased costs as main challenges. The government aims to boost domestic demand and technological innovation to address issues.
July 13, 2024
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