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Chinese Industrial Profits data for June 2023: -8.3% y/y (prior -12.6%)

Eamonn Sheridan
27/07/2023 | 01:35 GMT

For the YTD, -16.8% y/y

  • prior -18.8%

A little earlier we had the People's Bank of China set the CNY stronger than expected again today:

  • PBOC sets USD/ CNY reference rate for today at 7.1265 (vs. estimate at 7.1468)

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