China's Industrial Profits Reach Near Two-Year High in September

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Source: CNBC
China's Industrial Profits Reach Near Two-Year High in September
Photo: CNBC
TL;DR Summary

China's industrial profits surged by 21.6% in September, the largest increase in nearly two years, driven by government policies to curb price wars and support manufacturing, despite ongoing trade tensions and economic challenges such as weak consumer confidence and a housing downturn.

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