Bloomberg China’s industrial firms are doing much better this year than in 2020, but the improvement in profits is patchy, with miners and raw material providers benefiting from higher commodity prices at the expense of manufacturers. In the first 11 months of the year, industrial profits climbed 38% from a year earlier, the National Bureau of Statistics said on Monday. …

  Bloomberg China’s central bank pledged greater support for the real economy, and said that it will make monetary policy more forward-looking and targeted. There will be more “proactive” use of monetary policy tools, the People’s Bank of China (PBOC) said in a statement. It added that there will be “good use” of the monetary policy tools’ quantitative and structural …

  Bloomberg Morgan Stanley told employees who have to be in the office through the first two weeks of January to wear face coverings when not at their desks and limit large in-person meetings. “This guidance applies to all locations (even those where everyone is fully vaccinated),” the New York-based bank said in a memo to staffers this week. “Masking …