China's industrial profits return to growth
Xinhua, March 27, 2016 Adjust font size:
Profits of China's major industrial firms rose 4.8 percent year on year in the first two months of 2016, reversing the downward trend of last year, official data showed Sunday.
Profits at industrial companies with annual revenues of more than 20 million yuan (about 3.1 million U.S. dollars) totaled 780.7 billion yuan in the Jan.-Feb. period, the National Bureau of Statistics (NBS) said.
The profits registered a 4.7 percent year-on-year fall in December and a 2.3 percent annual decrease in 2015. Endi