HONG KONG -- A slew of annual earnings previews released by Chinese listed companies show broad weakness, a Nikkei Asia analysis has found, in contrast to the country's relatively solid official gross domestic product data.
China's statistics department reported last Friday that the economy expanded 5% in 2024, with the pace picking up in the final quarter to 5.4%. Yet according to earnings guidance from more than 500 companies listed in Shanghai and Shenzhen, released the same evening, most expect to report either net losses or narrowing profits from the previous year.
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