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War bonds feature on UK's next leader’s agenda

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War bonds feature on UK's next leader’s agenda

US Prime Day consumer spending rises 9.3%

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US Prime Day consumer spending rises 9.3%

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Egypt adopts new plan for gold industry

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Seoul Defense Summit Sees Korea Japan Nuke Pact
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AI Drives Profits in Chinese Manufacturing

AI Drives Profits in Chinese Manufacturing

The industrial sector in China experienced significant profit growth during the first five months of 2026, with total profits reaching 3.14 trillion yuan (approximately $460 billion), representing an 18.8% year-on-year increase. This growth was supported by strong demand for AI-related electronics and renewable energy materials. The electronics sector saw a record-profit increase of 103.9%, accounting for 43.1% of the overall growth, while sectors such as raw materials manufacturing and energy continued to see profit rises. Additionally, the electronic devices and high-tech manufacturing industries recorded substantial profit growth, along with a significant improvement in operating profit margins.

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