Profits of industrial companies in China jump 11.1% in March from a year earlier

Market news

27 April 2016

Profits of industrial companies in China jump 11.1% in March from a year earlier

China's National Bureau of Statistics (NBS) said on Wednesday that profits of industrial companies in China jumped 11.1% in March from a year earlier.

For the first quarter of 2016, industrial profits climbed 7.4% from a year earlier.

NBS official He Ping said in a statement that the rise profits of industrial companies in March was partly driven by an improving economy. He added that it was not a balanced and stable recovery.

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