Reversing decline: China's industrial profits up 4.3% in Q1
2024-04-28 09:39:44 source：CGTN
April 27, 2024
Profits of China's major industrial firms increased 4.3 percent year on year in the first quarter of this year, official data showed on Saturday.
The growth reversed a 2.3-percent decline registered in 2023, extending an upward trend for three consecutive quarters, according to the National Bureau of Statistics (NBS).
Industrial firms with an annual main business revenue of at least 20 million yuan (about $2.82 million) saw their combined profits reach 1.51 trillion yuan during the first three months.
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