China's industrial profits saw a double-digit rise in May, though at a slower pace, underscoring the economy's reliance on factories and exports amidst weak domestic demand. While tech sectors like AI equipment are booming, automakers face a profit slump. Analysts anticipate government intervention to support struggling businesses as consolidation intensifies.

AI, new-energy demand drive China's industrial profit growth-

Profits at China's major industrial firms sustained strong growth momentum in the first five months of the year, buoyed by rapid profit gains in the electronics sector, official…

China's industrial profits saw a double-digit rise in May, though at a slower pace, underscoring the economy's reliance on factories and exports amidst weak domestic demand. While…