China March industrial profits up 10.7 per cent on year

Profits earned by China's industrial companies rose 10.7 per cent in March to 513.2 billion yuan ($159.9 million) from a year earlier, faster than the 9.4 per cent pace in the January-February period, the government said on Sunday.
 
During the first quarter, profits of industrial companies rose 10.1 per cent, the National Bureau of Statistics said on its website. 
 
Industrial companies include mining firms, manufacturers and power generators.
 
Analysts see initial signs of stabilisation in the Chinese economy due to the government's targeted measures to underpin growth, but believe more policy support may be needed as structural reforms put additional pressure on activity.
 
($1 = 6.2536 Chinese Yuan)
 
Copyright @ Thomson Reuters 2013
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