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China’s industrial profits return to growth, pressure remains

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Profits earned by Chinese industrial companies returned to growth in July, primarily driven by public works spending and improved margins in the petrochemical companies, electrical firms and automakers but analysts warn that pressure remains amid an economic slowdown and escalating trade tensions with the United States.

Industrial profits expanded 2.6 per cent in July from a year earlier to 512.7 billion yuan ($72.28 billion), according to data released by the National Bureau of Statistics (NBS) on Tuesday . . .

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