Pantheon Macroeconomics
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28th Nov 2022 07:24China+, Daily Monitor
China’s industrial profits fell faster in October, owing to Covid-related disruptions and soft price trends.
Autos and equipment manufacturing are exceptions; profits are rising thanks to policy support.
Changing Covid policy holds the key to an eventual improvement in broad industrial profits.
autos, equipment, industrial profits, manufacturing, policy, profits, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence