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China's industrial profits plummeted in H1 2022, hit by deflation, low demand, and trade uncertainties.
China's industrial profits fell by 1.8% in the first half of 2022, continuing a decline that hit 4.3% in June.
The drop is due to producer deflation, low domestic demand, and global trade uncertainties.
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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Los beneficios industriales de China se desplomaron en el primer semestre de 2022, golpeados por la deflación, la baja demanda y las incertidumbres comerciales.