China’s in­dus­trial prof­its rise 14pc

New Straits Times - - Business -

HONG KONG: Chi­nese in­dus­trial prof­its rose 14 per cent in April from a year ear­lier as global trade in­creased. In­dus­trial prof­its climbed to 572.8 bil­lion yuan (RM356 bil­lion) last month, the Na­tional Bureau of Statis­tics said on Satur­day. That com­pares with a jump of 23.8 per cent in March, and an 8.5 per cent in­crease last year. Out­put in China is boom­ing on the back of stronger global trade and in­vest­ment, hand­ing pro­duc­ers bet­ter pric­ing power. China’s ex­porters are cap­i­tal­is­ing on the im­proved de­mand amid con­cern that the global econ­omy may slow in the longer term.

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