Forex News

China industrial profits -2.3% y/y in the first nine months of 2022 (prior -2.1%)

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This data was out a little earlier from China’s National Bureau of Statistics (NBS).

  • profits at China’s industrial firms fell 2.3% in the first nine months of 2022 from a year earlier
  • compared with a 2.1% drop in the January-August period

China’s economy is being pressured by rolling, ongoing COVID-19 curbs and a worsening property crisis.

The yuan has lost ground today, this is the offshore (CNH):


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