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Surge in half-year China industrial profits sign of steady recovery
China's industrial profits rose at a faster pace in June amid robust policy stimulus and steady growth in industrial production, adding to signs that the world's second-largest economy is on track for a steady recovery this year, analysts said. Although the economy is still facing headwinds, analysts said that China's ongoing efforts to resolve its property and debt problems will significantly boost confidence among investors, businesses and consumers. Further steps to boost the country's domestic demand and tackle its structural issues will help foster robust high-quality growth in the future, they added. Their ... (full story)