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28th Jun 2022 00:00China+, Daily Monitor

Chinese industrial profits fell again in May, despite the reopening from lockdown. 

Government support likely propped up profits in some sectors, demand still looks weak. 

The PBoC is injecting liquidity again, but this is about quarter-end management, not stimulus. 

construction core cpi cpi cpi inflation energy government industrial profits June liquidity local government local governments manufacturers May monetary policy pboc policy q3 rmb rrr rrr cut soe

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Keywords for: Chinese Profits Under Pressure, and Stimulus is Still Lacking

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