Economic news

China’s industrial sector registers the highest profits in 6 months

China’s manufacturing companies recorded growth of earnings at the biggest rate in half a year in April, according to yesterday’s report by the National Bureau of Statistics, supported by risen prices and solid demand.

April’s profits added 21.9% compared to the same period of last year, reaching 576 bln yuan or $90.14 bln, lifting earnings of this year’s January-April period to 15%.

China’s manufacturing industry is still showing robust expansion regardless of measures against pollution and unstable trade situation with the U.S., these figures reveal.

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