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China’s industrial profits fall further in June
China’s industrial profits continued to fall in June, data showed on Sunday, as entrenched producer deflation put more margin pressure on businesses in the face of subdued domestic demand and lingering global trade uncertainty. China’s economy slowed less than expected in the second quarter in a show of resilience to US tariffs. But punishing price wars among producers have prompted Beijing to pledge tougher regulations for autos and solar panels, among other industries engaged in cutthroat competition. Profits at China’s industrial firms fell 4.3% in June from a year earlier, following a decline of 9.1% in ... (full story)