Profits of China’s major industrial firms maintained fast expansion in the first quarter this year as the Chinese economy continued its recovery and enterprises’ production and sales further restored growth, official data showed yesterday. Industrial firms with an annual business turnover of at least 20 million yuan (US$3.08 million) raked in 1.83 trillion yuan in […]
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China’s industrial giants see profits in October grow at the fastest pace in nearly nine years
China’s industrial giants saw their profits grow for a sixth straight month in October, indicating continued recovery from the coronavirus pandemic in the world’s second-largest economy. Profits at Chinese industrial firms rose 28.2 per cent in October from a year earlier to 642.91 billion yuan (US$97.8 billion), almost triple the 10.1 per cent increase in […]