China's industrial profits increased 3.6% in June, accelerating from 3.4% in Q1 2024, driven by policy measures and better production.
China's industrial profits increased by 3.5% year-on-year in the first half of 2024, and rose 3.6% in June, according to official data from the National Bureau of Statistics. The growth rate accelerated from the 3.4% increase registered in the first five months of the year. Factors contributing to the improvement include gradual policy measures taking effect and improved industrial production.
July 27, 2024
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