China’s Industrial Profit Falls on Covid-19 Measures, Bad Weather

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China’s industrial revenue dropped within the first seven months of the yr, reversing a year-on-year improve within the first half of the yr, as sporadic Covid-19 outbreaks and bad weather weighed on the world’s second-largest economic system.

Industrial revenue dropped 1.1% from a yr earlier within the January-to-July interval, offsetting a 1% improve reported within the first half of the yr, the Nationwide Bureau of Statistics mentioned Saturday.

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