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Profits at Chinese industrial companies fell 5.2% Y/Y through the first 2 months of the year,...

Profits at Chinese industrial companies fell 5.2% Y/Y through the first 2 months of the year, reports the statistics bureau. "Clearly alarming," says economist Chang Jian, of the first drop since 2009. He expects only "measured" policy ease by a government still concerned about perky property. Shanghai fails to participate in the global stock rally, -0.2%.
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