China’s industrial profits extend fall on deflation woes

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The Straits Times 3h ago

China’s industrial profits extend fall on deflation woes - The Straits Times

Quick Summary:

Industrial profits at large Chinese companies fell 10 per cent in October compared to a year ago.

Still, signs have emerged that point to a tentative recovery and improving confidence after measures ranging from monetary easing to support for the real estate sector since late September.

Producer prices unexpectedly fell at a faster rate in October and industrial output stagnated.