The obvious drop in producer's price for manufactured products, the rise in unit cost and the higher profit base for last year’s same period, these three factors have caused the industrial profit to drop in June.

Anbound’s research team is of the view that it is worth taking note that in June this year, the industrial enterprise above designate size in China has paid 6.2% less in interest compared to last year’s same period, the largest drop in this year, indicating that the four times cut in benchmark interest rates and trimming the reserve requirement ratios twice have started to show its effect.