China data: January to March industrial profit -21.4 % y/y (prior -22.9%)

27/04/2023 | 01:33 GMT

A lacklustre data point from China.

For March alone profits -19.2%

China's industrial sector is still clawing its way back, but data is picking up. There is wariness that much of the pick up can be attributed to state support:

Reopening of the Chinese economy a main driver of global growth? "That’s still uncertain"

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