Part 2/9:
In recent months, China has witnessed striking declines in industrial profits. Reports indicate a year-over-year decrease of 4.7% from January through November, reflecting stagnation in what seemed like an initial recovery. More alarming is the compounding monthly declines that began in August 2024—profits plummeted by 16.7%, followed by staggering drops of 27% in September and further dips in October and November. Such unprecedented numbers reveal a stark reality: China's economy is not just faltering internally; its grip on the global market is tenuous at best.