Reuters came out with the headlines reported in China’s Securities Journal earlier today, citing that China’s exports may grow about 2% y/y in the second-half of this year.
Separately, China reported a drop in the industrial profits growth for the month of July. China July industrial profits arrived at +16.2% y/y versus +20% booked in June.
For the ytd result (January to July), profits came in at +17.1%. Ytd for H1 was +17.2%.
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