China Industrial profits for April: 4.2% y/y (prior was +11.1% y/y)

China Industrial Enterprise profits for April

• Up 4.2% y/y (following up 11.1% in the previous month)

More details Via Reuters:

• Earnings rose 6.5 percent in the first four months of 2016 compared with the year-earlier period
• Product inventories at industrial firms fell 1.2 percent year on year at end April, the first drop in recent years, the statistics bureau said
• China's state firms' profits dropped 8.4 percent in the January to April period, the finance ministry said on Tuesday.

Another piece of the slowing China jigsaw ... still profit growth but at a slower rate