China Industrial Profit Growth Eases Amid Deflation Pressures.

Profits at China's industrial companies increased by 2.7% in October compared to the previous year, but at a much slower pace than in previous months. This suggests that the economic recovery in China is still fragile. Profits for the first 10 months of 2023 fell by 7.8% compared to the same period in the previous year. While the government's economic stimulus measures have helped improve profits, there are still weaknesses in the economy, such as a contraction in manufacturing activity and a property slump. Policymakers are considering providing financial support to distressed builders and increasing funding for the sector. [Extracted from the article]

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