Report
China’s industrial profits rise 14.4% in September, fastest in three months
CNBC reports that AI-related manufacturing helped offset weak domestic demand, while Bloomberg links the gains to higher producer prices.
TLDR
China’s industrial profits rose 14.4% in September from a year earlier, up from 4.2% growth in August, according to official data cited by Bloomberg. CNBC reports that AI-related manufacturing helped offset weak domestic demand. Bloomberg says rising producer prices lifted earnings against a backdrop of higher energy costs.
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