27 January 2026 | 10:52AM HKT Economics Research Industrial revenue: -5.7% yoy in December (sequential growth: -3.1% non-annualized, seasonally adjusted by GS); November: -0.4% yoy (sequential growth: +4.2% sa non-annualized). Main points: China: Industrial profits rose sharply in December; January PMI preview Bottom line: China's industrial profits increased by 4.9% yoy, while revenue fell by 5.7% yoy in December (vs. -13.0% yoy and -0.4% yoy in November). In sequential terms, industrial profits increased ...