Summary
China’s industrial profits as a whole dropped 3.3% in 2024. Oil refining, the worst-performing sector, faces shrinking demand for fuels.
China’s factory activity unexpectedly contracted in January as production wound down ahead of China’S eight-day Lunar New Year holiday. China”s electricity demand is becoming a key focal point in the global fight against climate change.
Wednesday, Jan. 29: Hong Kong is on holiday through Jan. 31. Mainland China’s lunar holiday begins and runs through Feb. 4.
