> China industrial profits -2.3% y/y in the first nine months of 2022 (prior -2.1%)

China industrial profits -2.3% y/y in the first nine months of 2022 (prior -2.1%)

Thursday, 27/10/2022 | 03:20 GMT

This data was out a little earlier from China's National Bureau of Statistics (NBS).

profits at China's industrial firms fell 2.3% in the first nine months of 2022 from a year earlier
compared with a 2.1% drop in the January-August period

China's economy is being pressured by rolling, ongoing COVID-19 curbs and a worsening property crisis.

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The yuan has lost ground today, this is the offshore (CNH):

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