China's industrial profits rise 3% in April after output beat estimates despite U.S. tariffs
1. China's industrial profits rose 3% in April amid ongoing tariffs. 2. U.S. tariffs on Chinese imports are now at 51.1%. 3. China's manufacturing activity hit a 16-month low with PMI at 49.0. 4. Overall exports increased by 8.1%, despite falling U.S. exports. 5. Trade tensions remain high, indicating potential market volatility.