Economics
Profits at China’s Industrial Firms Surge After 2020 Lockdown
Industrial profits climbed 179% in January and February from a year earlier, the National Bureau of Statistics said Saturday.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Profits at Chinese industrial firms soared in the first two months of the year, largely due to the low base a year ago when the economy was paralyzed by the coronavirus outbreak, as well as a boost in exports.
Industrial profits climbed 179% in January and February from a year earlier, the National Bureau of Statistics said Saturday. The agency releases combined data for the two months in an attempt to smooth out volatility associated with the Lunar New Year holiday.