China's Economic Slowdown Echoes in Industrial Profits The latest National Bureau of Statistics data reveals that China's industrial profits growth has cooled to its slowest pace in seven months, with a year over year increase of 11.
2% in July. This slowdown is consistent with the broader economic downturn that has been underway for some time.
A notable feature of this trend is the divergence between industries driven by domestic demand and those reliant on global supply chains.