Economic news

China's Industrial Profits Rise 4.3% in Jan-April, Unchanged from Q1

BEIJING, May 27 (Reuters) - Profits at China's industrial firms rose 4.3% in the first four months from the same period last year, official data showed on Monday.

The jump followed a 4.3% increase in the first quarter and a slew of divergent activity data for April, according to National Bureau of Statistics (NBS) data.

Industrial profit numbers cover firms with annual revenue of at least 20 million yuan ($2.76 million) from their main operations.

($1 = 7.2388 Chinese yuan)

Reporting by Qiaoyi Li and Ryan Woo; Editing by Sonali Paul and Himani Sarkar

Source: Reuters


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