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.
This article was written by Eamonn Sheridan at www.forexlive.com.
