China’s industrial sector remains under pressure, as total profits among large-scale industrial enterprises slid 1.7% year-over-year in the January–July period, totaling CNY 4.02 trillion, according to the National Bureau of Statistics (NBS). This marks a modest improvement from the 1.8% contraction recorded in the first half of the year. The mining sector endured a sharp downturn, with profits dropping by a staggering 31.6%, but manufacturing firms delivered a 4.8% rise in profits, marking a rare bright spot amid broader industrial…