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China’s industrial output is recovering gradually from the COVID-19 disruptions. Latest data from the country’s statistics bureau show profits of China’s major industrial firms rose 1% on a yearly basis in the first half of the year. Industrial enterprises saw their combined profits exceed 4.27 trillion yuan, (about $630 billion) during the period. Wang Dan, Chief Economist of Hang Seng Bank (China) said China’s manufacturing and supply chain have regained momentum after the relaxation of COVID-
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