China Industrial Profits Continue Run of Growth
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Dow Jones
China's industrial profits rose for a fourth straight month in July, a positive sign for Beijing as it doubles down on its manufacturing drive to revive the economy.
Profits at China's industrial firms rose 4.1% in July from a year earlier, accelerating from the 3.6% growth recorded in June, according to data from the National Bureau of Statistics released on Tuesday.
In the first seven months of the year, industrial profits rose 3.6% from a year earlier, which compared with the 2.3% drop recorded for the whole of 2023, official data showed.
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(END) Dow Jones Newswires
August 26, 2024 21:55 ET (01:55 GMT)
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