Press "Enter" to skip to content

China’s industrial profits grew at slower pace in April amid surging commodities prices

Profits at China’s industrial companies grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profits at the manufacturing sector.

Industrial profits increased 57 per cent in April from a year earlier to 768.63 billion yuan ($120.22 billion), slowing significantly from the 92.3 growth in the previous month, data from the National Bureau of Statistics (NBS) showed on Thursday.

The . . .

To continue reading, please subscribe and you will get:

 

  • ORIGINAL, DATA-DRIVEN & IN-DEPTH STORIES 
  • THE WIRE - An all-in-one platform with up-to-the-minute updates of market-moving news and views sources via a network of journalists, traders, brokers, analysts, etc. and from multiple credible news outlets in mainland China. We The Wire 24/7, we walk you through every trading day in mainland China and Hong Kong.
  • DETAILS - General information is everywhere, but information with details is rare.
  • WEEKLY NEWSLETTER - A summary of the week's top news distilled into one email.

FREE TRIAL cancel anytime

Already have an account? Sign In

 

 

Top