China Industrial Profits Drop 1.1% in Jan.-July of 2022

The transcript discusses the economic outlook for China, highlighting a slowdown in growth as predicted by economists in a Bloomberg survey. The forecast for China's GDP has been adjusted down to 3.5% for the current year, with continued weakness expected into 2023. Industrial profits showed a brief increase in June but fell in July, reflecting broader economic challenges. Additionally, the performance of major oil companies like Sinopec and Petro China is examined, noting record profits due to global oil price increases.

What is the revised economic growth forecast for China in the current year according to the Bloomberg survey?

• 4.0%

• 3.0%

• 3.5%

• 3.9%

What was the trend in industrial profits in China from June to July?

• Sharp increase

• Temporary rise followed by a decline

• Consistent growth

• Steady decline

Which month saw a significant drop in economic indicators in China?

• May

• June

• July

• August

What was the average gain in global oil prices in the first half of the year?

• 6%

• 4%

• 5%

• 7%

Which company posted record first-half profits due to increased global oil prices?

• BP

• ExxonMobil

• Sinopec

• Shell