China industrial profits post strongest growth in three months as tech boom widens economic divide
Summary
China saw its industrial profits record their strongest growth in three months, driven by an annual increase of 14.4 percent. The surge was largely supported by higher commodity prices linked to the conflict in Iran, alongside the global artificial intelligence boom that boosted revenues for chipmakers, miners, and raw-material suppliers.
The global AI boom and higher commodity prices stemming from the war in Iran have lifted earnings at miners, chipmakers and raw-material suppliers.
Source: Read the full story at US Top News and Analysis
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