China’s March Industrial Profits Rebound Amid Improving Economy
(Bloomberg) -- The profits of Chinese industrial companies rebounded amid a gathering economic recovery.
- Industrial firms’ profits rose 13.9 percent in March from a year earlier, the National Bureau of Statistics said in a statement Saturday. That compares with a 14 percent decline in the first two months of this year combined.
- The manufacturing outlook has turned brighter on robust output rebound, a record tax cut and improving credit conditions
- Lingering producer deflation risks and uncertainties from trade tensions still continue to weigh on business confidence
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