CHINA'S INDUSTRIAL PROFITS SPLIT TECH FROM STEEL

China's industrial profit growth slowed to just 4.2% year-over-year in August, the weakest monthly pace of 2026, according to data from China's National Bureau of Statistics. The deceleration hides a split economy: profits at computer and electronics manufacturers surged 109.9% from a year earlier, while steelmakers booked a 62.4% profit collapse over the same period. $FXI carries exposure to both ends of that divide, with tech strength masking deepening weakness in China's traditional heavy industry.