Weekend China data - October industrial profits +24.6% y/y (prior +16.3%)

Chinese industrial profits data rebounded further in October. 

For the YTD, i.e. January - October profits were +42.2% y/y

• prior (i.e. September) +44.7%

China's National Bureau of Statistics highlit some of the results in the data:

• profits of the mining industry and the raw material manufacturing industry +56.1% y/y 
• Driven by implementation of energy supply policies and measures, coal industry's profit increased by 4.38 times y/y 
• The profit of the steel industry increased by 57.3% y/y

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November 29, 2021 at 09:04AM
Eamonn Sheridan
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