Profit growth at China's industrial companies slowed in April which resulted in China and Hong Kong stocks slipping over fears the recent pick-up in the economy my be short-lived. People’s Daily economists predict "underlying industrial profit growth to slow further in May, but in a gradual manner, as industrial production growth likely slows and producer price deflation likely narrows."
Profit growth at China's industrial companies slowed in April which resulted in China and Hong Kong stocks slipping over fears the recent pick-up in the economy my be short-lived. Nomura economists predict "underlying industrial profit growth to slow further in May, but in a gradual manner, as industrial production growth likely slows and producer price deflation likely narrows."