Chinese state media talking up the solid rise for April industrial profits
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.
