Recap of weekend data – China industrial firm’s profits grew for the 4th straight month inAugust

Industrial company profits for August in China were published over the weekend.

  • + 19.1% y/y vs +19.6% in July

China’s recovery has been ahead of most on a first-in-first-out (from the virus) basis, bringing together a number of factors:

  • pent-up demand
  • government stimulus
  • industrial production quick to recover
  • exports