for March month alone profits were +2.6% y/y
Consumer goods sectors like wearable devices and kitchen appliances saw strong profit growth due to government stimulus.
State-owned and private firms posted slight profit declines, while foreign firms recorded a modest gain.
We should get more info on that today:
Heads up for a China news conference today - to address promoting growth, employment This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Weekend data: China’s YTD industrial profits rose 0.8% y/y in Q1 (prior -0.3%) )
Also on site :