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Industrial profits dip again: China sees sharp fall in May; Donald Trump's tariffs, price wars add pressure
China's industrial profits saw a sharp decline in May. This reverses a previous recovery. Factory activity slowed down. Deflationary pressures increased. Trade instability with the United States continues. Data from the National Bureau of Statistics reveals a 9.1 percent year-on-year drop. Weak domestic demand and property sector issues persist. Experts suggest more policy support is needed for recovery.
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