China Industrial Profits Rise Again as Growth Stabilizes
- Data adds to evidence of industry’s bottoming out: analyst
- Profits for first nine months still trail last year’s
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China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover.
Industrial profits increased 11.9% from a year earlier, according to data published by the National Bureau of Statistics on Friday. That comes after a 17.2% surge in August, which was the first expansion in more than a year.