China’s solid industrial profits tamp trade war worries for now
Profits at China’s industrial firms rose sharply in May, maintaining the previous month’s sizzling pace despite signs of slowing momentum in the world’s second-largest economy and an intensifying trade spat with the United States. Beijing is trying to walk a tightrope between supporting economic growth and tamping down financial risks, with policymakers freeing up more funds for lending by cutting required reserve levels for banks twice since April. The latest cut came on Sunday as authorities moved fast to temper any potential drag on growth from the heated Sino-U.S. trade dispute.
Source:: https://finance.yahoo.com/news/chinas-robust-industrial-profits-keep-022616135.html
