Chinese state media outlet Global Times cites positive developments helping drive industrial profits in April:

  • +3.0% year-on-year in April, 0.4 percentage points faster than in March

GT says that new driving force sectors like equipment and high-tech manufacturing saw rapid profit growth, highlighting industrial resilience

  • From January to April, high-tech manufacturing profits increased by 9.0% year-on-year, 5.5 percentage points faster than in the first three months of the year, and 7.6 percentage points above the average of all industries.
china xi 18 February 2025 2
Source: Forex Live