Industrial firms with an annual business turnover of at least 20 million yuan (about US$3.06 million) saw their combined profits surge 179 percent year on year during the Jan.-Feb.
period to 1.11 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
When compared with the first two months of 2019, the figure represented a rise of 72.1 percent.
The average growth rate in the past two years stood at 31.2 percent, NBS data showed.
The notable rebound was a combined result of recovery in both domestic and external demand,
a low comparison base and longer production hours by firms as workers “stayed put” for the Chinese Lunar New Year holiday this year, NBS senior statistician Zhu Hong said.
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