China's industrial profits grew at slowest pace in 18 months in December

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China's industrial companies saw profits grow at their slowest pace in more than a year and a half in December, indicating softening demand amid rising pressure on economic recovery and adding to expectations of more supportive measures from the government to stabilise a slowing economy.

Hobbled by an easing in factory-gate inflation, industrial profits grew 4.2% in December from a year earlier, the slowest rate since April 2020, according to the National . . .

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