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Chinese firms trail global peers on profits, but AI power boom offers bright spot: Natixis
Chinese firms trail global peers on profits, but AI power boom offers bright spot: Natixis
China’s corporate sector remains considerably weaker than it was before the Covid-19 pandemic, but the country is emerging as a key beneficiary of the global artificial intelligence boom thanks to its ample power capacity, according to a Natixis survey of thousands of firms and a separate research report. Profit margins at Chinese firms had stabilised at about 4.5 per cent for the first half of…