China's industrial profits rose 3% in April, showing resilience amid U.S. trade tensions.

China's industrial profits rose 3% in April, up from a 2.6% increase in March, despite ongoing trade tensions with the U.S. The first four months of the year saw a 1.4% increase in industrial profits. Private enterprises and foreign-invested firms saw profit improvements of 4.3% and 2.5%, respectively, while state-owned firms experienced a 4.4% decline. High-tech manufacturing sectors reported a 9% increase in profits. Despite the positive trends, challenges such as insufficient demand and deflationary pressures persist.