BEIJING (Reuters) – Profits at China’s industrial firms grew 0.8% in the first quarter from the same period last year, official data showed on Sunday, reversing a 0.3% decline in the first two months.
In March, total profits of industrial companies rose 2.6%, according to National Bureau of Statistics (NBS) data.
Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.75 million) from their main operations.
($1 = 7.2846 Chinese yuan renminbi)
(Reporting by Beijing Newsroom; Editing by Kim Coghill)
Comments