National Bureau of Statistics of China

China's Industrial Profits Rise by 4.3% in First Four Months, April Profit Grew 4.0% Y/Y

May 27, 2024, 04:45 AM

China's industrial enterprises above designated size recorded a total profit of 2.09469 trillion yuan (about $289.24 billion) in the first four months of 2024, up 4.3% year-on-year, according to the National Bureau of Statistics. In April alone, industrial profits rose by 4.0% year-on-year, a significant improvement from the 3.5% decline in March. The growth was supported by a return to export growth and the government's pro-growth policies. April profit grew 4.0% y/y.