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Essentials Daily Insights

Chinese Profits Contract In July

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Chinese industrial profits contracted 1.1% y/y in the first seven months of 2022, from a 1.0%y/y increase in H1. Ferrous metal miners (-23.4% YTD y/y) and ferrous metal smelters (-80.8% YTD y/y) are among the sectors that experienced the largest profit…

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