Report
China's industrial profit growth slows to 4.2% in August, its weakest pace this year
Caixin reports growth was down from 11.2% in July and says accounts receivable at major enterprises reached 29.5 trillion yuan by the end of August.
TLDR
CNBC reports that China's industrial profits rose 4.2% from a year earlier in August, their weakest growth this year, as manufacturers faced weak consumer demand and rising energy costs. Bloomberg reports a fourth straight month of slowing earnings growth and says elevated oil costs and AI-linked sectors disproportionately drove the recovery.
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