China’s industrial profits slip at start of the year as deflationary pressures, tariff risks mount

China’s industrial profits slipped by 0.3% in the first two months of the year due to deflationary pressure and global trade tensions, following three years of declines. State-backed industrial companies saw a 2.1% growth in profits, while those with foreign investments saw a 4.9% increase. Manufacturing and utilities sectors showed profitability gains, but the mining industry suffered a 25.2% drop in profits from the previous year.

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