China's industrial profits grow 4.2% in August, the slowest pace this year
Bloomberg reports that industrial earnings growth slowed for a fourth straight month in August, with the recovery disproportionately driven by elevated oil costs and AI-linked sectors.
TLDR
CNBC reports that China's industrial profits grew 4.2% in August, their slowest pace of growth this year. Bloomberg reports a fourth consecutive month of slowing earnings growth and says the recovery has been disproportionately driven by elevated oil costs and AI-linked sectors.
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