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Major industrial firms in China posted a 3% rise in cumulative profits in April, defying expectations even as U.S. tariffs and deflationary concerns loom large. The upbeat performance highlights surprising economic resilience despite persistent external pressures.
Cumulative profits at major industrial firms climbed 3% in April, brushing off the impact from prohibitive U.S. tariffs and persistent deflationary pressures.
China’s Industrial Profit Growth Picks Up in Sign of Resilience Bloomberg.com
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