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China Industrial Profits Fall Again, Signaling Fragile Recovery
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China’s industrial profits slide again, signaling fragility in economic recovery.
Profits at China’s industrial firms fell 5.8% year-on-year in August, continuing a downward trend and underscoring the fragile state of its economic recovery. Despite several stimulus steps from Beijing, key industries such as steel, chemicals, and manufacturing are struggling with weak demand. The slump raises concerns about whether growth momentum in the world’s second-largest economy can be sustained as policymakers weigh further measures.