China June Industrial profits +19.1% y/y (+16.7% previously)

China June Industrial profits, +19.1% y/y

• prior +16.7%

For the January to June result, comes in at 22.0% y/y (Jan - May was +22.7% y/y)

Solid profits indeed - the data I posted on earlier gave a good heads up to this result

No sign of much wobbling here in China's economy, this should be supportive for the Australian dollar.

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The profits data is for large China firms (The National Bureau of Statistics look at large companies with annual revenue of greater than 20 million yuan from their main operations for this data point)