China's industrial profits declined 4.3% year-to-date, but showed some recovery in October.
China's industrial profits from January to October decreased by 4.3% compared to the same period last year, according to the National Bureau of Statistics. In October, profits fell by 10% year-over-year, an improvement from September's 27.1% drop. The improvement is attributed to supportive policies, with high-tech and equipment manufacturing sectors seeing profit growth. Despite these improvements, economic recovery efforts are still needed to sustain industrial profit recovery.
4 months ago
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