China's industrial profits rose 4.3% in Q1 2024, reversing a 2.3% decline in 2023.
China's industrial profits rose 4.3% in Q1 2024, reversing a 2.3% decline registered in 2023. The growth extended an upward trend for three consecutive quarters, with industrial firms with annual main business revenue of at least 20 million yuan experiencing combined profits of 1.51 trillion yuan in Q1. However, profits fell 3.5% year-on-year in March, leading to concerns about the strength of economic recovery in China.
April 27, 2024
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