China Industrial Profits Grow 18.2 Percent Through April
Profits at Chinese industrial firms increased 18.2 percent during the first four months of the year, accelerating from the 15.5 percent growth recorded in the first quarter. The official data covers major enterprises with annual revenues of at least 20 million yuan.
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China industrial profits rose 18.2% during the first four months of the year, according to National Bureau of Statistics data. The growth rate accelerated from a 15.5% gain recorded in the first quarter. This acceleration suggests manufacturing momentum is building despite currency fluctuations in the USD/CNH pair.
