China industrial profit growth slows

China's industrial profit growth eased to 15.1% in June from 21.1% in May, while first-half profits rose 18.7% year-on-year, according to the China — National Bureau of Statistics of China. The data highlights a two-speed recovery where resilient exports support manufacturers, but domestic consumption and property sector weakness persist. Automobile manufacturing profits fell 19.5% in the first half, with car sales declining for nine consecutive months. Market reaction was muted, with Chinese stocks and the China — Renminbi slightly firmer. Attention turns to the Cuba — Communist Party of Cuba's Politburo meeting for potential policy signals, though expectations for broad stimulus are tempered by export resilience and targeted easing preferences.