China's National Bureau of Statistics released its industrial profits data on Wednesday. Industrial profits in China increased at an annual pace of 2.6% in April, after a 0.4% decline in March. It was the first annual rise since September 2014.

During the first four months of 2015, industrial profits were down 1.3% as compared to the same period last year.

Profit of the mining industry dropped at an annual pace of 60.7% in the January to April period, while profits in the manufacturing sector rose 6.2%.