China’s industrial profits surge 21.6% in September, biggest jump in nearly two years | Metals Mine

  • China’s industrial profits surge 21.6% in September, biggest jump in nearly two years

    From cnbc.com

    China’s industrial profits soared 21.6% in September from a year ago, the National Bureau of Statistics said Monday, as Beijing’s campaign to curb price wars helped ease pressure on manufacturers despite persistent trade tensions with the U.S. That sharp jump, extending a strong rebound that began in August when the industrial profits jumped 20.4% year-on-year, marked the biggest gain since November 2023. For the first nine months of the year, profits at major industrial firms grew 3.2%, the official data showed, accelerating from a 0.9% rise in the January to August period. The rebound in corporate profitability ... (full story)

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