China data - July Industrial profit -1.5% y/y (prior -4.3%)

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China data - July Industrial profit -1.5% y/y (prior -4.3%)

• Tariffs weighing, as is persistent wholesale level deflation

usa china trade 27 August 2025 fight

China data, July Industrial profit -1.5% y/y

• prior -4.3%

YTD -1.7% y/y

• prior -1.8%

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