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China data – May 2020 industrial profits +6.0% y/y (prior -4.3%)

June 28, 2020 at 02:30AM

China’s industrial profits fell in Q1 and started to be not so bad through March and April as the economy crawled toward recovery.
Industrial profits are important, they give firms a base from which to build on for investment (capex) ahead. 
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Author: https://www.forexlive.com/news/!/china-data-may-industrial-profits-yy-prior-43-20200628 Selected by SYFX+

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