China’s Industrial Profits Fall For Fourth Month In November Despite Stimulus MeasuresChina’s Industrial Profits Fall For Fourth Month In November Despite Stimulus Measures

China's industrial profits fell 7% year-on-year in November, marking the fourth consecutive monthly decline. The contraction was smaller than October's 10% drop and September's nearly 27% plunge. UOB's Suan Teck Kin said China's industrial sector remains under pressure in a disinflationary environment but believes the worst may be over due to stimulus measures.  Beijing’s efforts to stabilize the economy include monetary easing, though the property sector and weak consumer demand remain hurdles. The World Bank raised China's 2024 GDP growth forecast to just under 5%, citing recent policy adjustments.