China's industrial profits declined at a slower pace in the January to July period, data from the National Bureau of Statistics showed on Wednesday. Industrial profits decreased 1.7 percent on a yearly basis, slightly slower than the 1.8 percent fall in the January to June period. In the month of July, industrial profits decreased at a slower pace of 1.5 percent from a year ago. Profits increased ...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.