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flag China's industrial profits plummeted in H1 2022, hit by deflation, low demand, and trade uncertainties.

flag China's industrial profits fell by 1.8% in the first half of 2022, continuing a decline that hit 4.3% in June. flag The drop is due to producer deflation, low domestic demand, and global trade uncertainties. flag State-owned automakers are expected to report significant losses, while rising raw material costs and weakened demand from major trading partners have worsened the situation.

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