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"China is back," says BofA's Ting Lu, excited about a 20% jump in profits at Chinese industrial...

"China is back," says BofA's Ting Lu, excited about a 20% jump in profits at Chinese industrial companies. Industrial profits are a leading indicator of overall non-financial earnings, he says, so expect a turn in what have recently been negative Y/Y prints. Meanwhile, shares plumb new multi-year lows. FXI -0.7% premarket.
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