Pantheon Macroeconomics

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27th Apr 2023 14:00China+, Daily Monitor

  • Chinese industrial profits continued to plunge in March, hurt by a margin squeeze and base effects.
  • SOE profits are outperforming private sector profits, with the latter more exposed to weak exports.
  • China’s services-led recovery is likely to provide only a gradual boost for industrial profits.

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Keywords for: 28 Apr 2023 China+ Monitor

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