China's industrial profits grow 4.2% in August, the weakest pace this year
CNBC reports that China's industrial profits grew 4.2% in August, their weakest growth this year. Economists expect Beijing to lean harder on stimulus to stabilize corporate profitability.
TLDR
A market-news roundup cites CNBC for China's 4.2% industrial profit growth in August, the weakest pace this year. It says economists expect Beijing to lean harder on stimulus as consolidation accelerates in sectors facing sluggish demand and fierce competition.
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