China's industrial profits extend decline to a fourth straight month, dropping 7.3% in November

China’s industrial profits dropped 7.3% in November, marking the fourth consecutive month of decline despite stimulus measures. However, the decrease was less severe than in previous months. Some sectors, such as utilities, showed profit increases, indicating signs of economic recovery amidst continued challenges including weak consumer demand and a struggling property market. The World Bank raised its growth forecast for China in 2024 and 2025, but warned that the property sector and low confidence levels remain obstacles to sustained economic progress.

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