Caixin
Aug 27, 2024 03:07 PM
ECONOMY

China’s Industrial Profits Climb Even as Warning Signs Flash

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The GCL Technology production plant in Xuzhou, Jiangsu province, on July 2. Photo: Bloomberg
The GCL Technology production plant in Xuzhou, Jiangsu province, on July 2. Photo: Bloomberg

(Bloomberg) — Profits at China’s industrial companies rose at the fastest pace in five months in July, though weak domestic demand is calling into question whether their resilience can last.

Industrial profits at large Chinese companies expanded 4.1% on year, the National Bureau of Statistics said in a statement Tuesday, after a 3.6% gain the previous month.

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