Growth in Chinese industrial companies’ profits slowed in June as the economy cooled, costs rose and prices fell on moderating demand and overcapacity.
China’s stocks rose the most in a week, led by financial and technology companies, as benchmark money-market rates plunged and speculation grew the government will take steps to support the economy.
China’s economic growth accelerated for the first time in three quarters, as Premier Li Keqiang spurred factory output and investment to meet the government’s expansion goal for 2013.
An official report on China’s manufacturing in June omitted numbers for export orders, imports and inventories of finished goods, without any explanation for the gaps.
"The lack of good unemployment data is the main reason why China still focuses so much on GDP."
- Zhu Haibin on Oct 21, 2014