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26th Mar 2024 19:28China+, Daily Monitor

  • China’s industrial profits soared, on the low base last year when the country emerged from zero-Covid.
  • Capital equipment and consumption goods manufacturing make up most of the profit improvement.
  • We expect a firmer recovery after the implementation of the action plans to upgrade consumption.

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Keywords for: 28 March 2024 China+ Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence