Profits earned by China’s industrial firms in March rose 13.9% from a year earlier – the biggest monthly rise since July 2018 – rebounding from four months of contraction, the National Bureau of Statistics said on Saturday. For the first three months of the year, industrial profits declined 3.3 percent on year to 1.3 trillion yuan, the statistics bureau said.
The data covers large companies with annual revenue of more than ¥20 million from their main operation, according to Reuters.
China’s growth rate steadied at 6.4 percent in the first three months of 2019, as industrial production surged. Analysts, however, expect a recovery only in the second half of the year.
Share
