China industrial profits tumble 18% in April as demand sputters - Business & Finance
BEIJING: Profits at China’s industrial firms slumped in the first four months of 2023, official data showed on...
Source: brecorder.com
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China's industrial profits tumble 18% in April as demand sputters
Profits at China's industrial firms slumped in the first four months of 2023, official data showed, as companies struggle with margin pressures and soft demand amid a faltering economic recovery.
Source: cnbc.com
China's automotive output, sales drop in April on buyer caution
Read more about how China’s automotive output and sales dropped in April 2023 versus the prior month, with both largely subdued by general caution among consumers that had been fueled by the price wars in the automotive sector during the month
Source: fastmarkets.com
Nearly half of US banks are tightening their lending standards
Plus: A match made in steelmaking heaven
Source: qz.com
China and Saudi Arabia are teaming up on steel decarbonization
Beijing and Riyadh have announced a joint investment in a steelmaking plant in Saudi Arabia
Source: qz.com