EconomyChina’s tech push fuels fastest profit growth in four years amid signs of economic divide
Demand for artificial intelligence and domestic technology substitution drove Chinese listed companies’ profits to their fastest growth in four years during the first half, highlighting a K-shaped economy as the country moves away from credit-fuelled expansion. Profits on Shanghai’s chip-heavy Star Market more than quadrupled year on year, while Shenzhen’s ChiNext rose 33%.
China’s tech push fuels fastest profit growth in four years amid signs of economic divide
Economy