China industrial profit growth slumps to 7 - month low of 11.2%
The slowdown to an 11.2% annual pace, well below the 18.7% clip logged in the first half, will raise questions over whether the AI-driven turnaround in Chinese industrial profitability is starting to fade rather than merely normalizing off a strong base. Traders positioned for continued strength in China-exposed cyclicals and commodity demand may reassess given the clear deceleration trend across both the July print and the seven-month cumulative figure.
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