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China’s industrial profits extend decline to a fourth straight month, dropping 7.3% in November

Summary
China’s industrial profits extended declines to a fourth straight month, dropping 7.3% in November from a year earlier, signaling that Beijing’s stimulus measures have yet to meaningfully stem the slide in corporate earnings.

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ReutersReuters
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Center

China's November industrial profits narrow decline but 2024 likely worst year in decades

China's industrial profits fell at a slower clip in November, official data showed on Friday, but the annual decline in earnings this year is expected to be the worst in over two decades due to persistently soft domestic consumption.

·United Kingdom
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YUAN TALKS broke the news in on Thursday, December 26, 2024.
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