China’s Factory Profits Crash 13%—Fastest Drop in 14 Months Signals Stimulus Urgency
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,…
