China industrial profits rose in June on annualized basis

China industrial profits increased 5.1% y/y in June versus 3.7% seen in May, while industrial profits rose 6.2% y/y in H1 2016.

Separately, China reported MNI / Westpac Consumer Sentiment for July, which dropped -1.6% on the month, coming in at 114 versus 115.9 last.