Official government announcements or policy releases

China's Industrial Profits Rise 4.3% in First Four Months of 2024, April Gains 4.0%

May 27, 2024, 03:01 AM

China's industrial profits increased by 4.3% year-on-year in the first four months of 2024, remaining unchanged from the first quarter. Official data from the NBS revealed that the profits of major industrial firms reached CNY2.09 trillion (USD289.2 billion). However, profits of state-owned enterprises fell by 2.8% to CNY739.6 billion (USD102.1 billion). April alone saw a 4.0% year-on-year profit growth, marking a return to growth for the month. The data was released on Monday.