China's industrial profits 23.8% higher

Thursday, 27/04/2017 | 06:37 GMT

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China's industrial firms' earnings higher

China's industrial firms' profits earned for the month of March escalated 23.8% compared to the previous year, as the Chinese construction boomed thus boosting the nation's growth to multi-year highs.

China's March profits to 688.7 billion yuan

As per the National Bureau of Statistics today, March's profits climbed to 688.7 billion yuan or $99.9 billion.

The Chinese industrial profits for Q1 reached 1.7 trillion yuan rising 28.3%, much slower than the first two months' growth of 31.5%.

The nation's government minimized its economic growth target from the range of 6.5% - 7% to approximately 6.5% for 2017.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-industrial-profits-23.8-higher

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