China’s Industrial Profit Growth Picked Up in September

Profit growth at China’s industrial firms picked up in September, partly as profitability of companies that mine and manufacture raw materials rose significantly on spiking energy prices.

Industrial profit growth accelerated to 16.3% in September from a year earlier, the National Bureau of Statistics said Wednesday, compared with a 10.1% increase in the previous month. For the first nine months of the year, profits climbed 44.7% from a year earlier.