China’s Factory Profits Plunge 13% in November—Deepest Drop in Over a Year Signals Urgent Stimulus Need China’s industrial sector hit a rough patch in November as profits cratered 13.1% year-over-year, the steepest decline in more than 12 months, per National Bureau of Statistics data. Weak Demand Drags Despite Export Strength Soft domestic consumption overshadowed resilient exports,…
The government’s renewed fiscal commitment is seen as a response to the slowdown affecting most sectors outside of China’s large trade surplus. However, experts note that the country’s continued emphasis on both consumption and investment reveals the ongoing tension between production-led and demand-driven growth. Beijing plans to roll out targeted measures to boost household income, expand urban…
LONDON, March 17: Crude oil prices edged higher on Monday following U.S. military action against Yemen’s Houthi rebels and renewed optimism about China’s economic recovery, which could bolster global energy demand. Over the weekend, U.S. President Donald Trump authorized airstrikes targeting the Iran-aligned Houthis in response to their continued attacks on Red Sea shipping. A…
