Chinese economy is absolutely somewhat improving, but the recovery is kind of mixed picture, given corporate profits are still lagging and consumer sentiment is still at subdued levels.
Official data showed China’s industrial profits slipped in the opening months of the year, as enterprises navigate persistent deflationary pressure and rising global trade tensions.
Profits at major industrial firms dipped 0.3% in the first two months this year, after three consecutive years of sharp declines, supported by improved profitability in manufacturing and raw material sectors.
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