- China’s industrial profits are still rising but slowed in June (growth eased to about 15.1%; first-half profits up roughly 18.7% year-on-year).
- Exports and factory output are propping up the recovery, while weak domestic demand and property pain show up in areas like autos (auto profits plunged and car sales fell for a ninth month).
- Investors are watching the Communist Party’s Politburo meeting for policy clues — Beijing is leaning toward targeted easing rather than a big, broad stimulus.
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