Chinese listed companies' Q2 profits decline 0.4%, improving from 4.5% Q1 drop, amid 5% year-on-year economic expansion.

China's listed companies have shown a financial recovery, with profits declining just 0.4% in Q2 2023, a notable improvement from a 4.5% drop in Q1. This rebound, driven by service consumption and export growth, is part of China's economy, which expanded 5% year-on-year in the first half, aligning with an annual growth target of around 5%. Policymakers have introduced measures like monetary stimulus and support for the property market to strengthen economic resilience.

September 26, 2024
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