(Bloomberg) -- The profits of Chinese industrial companies rebounded amid a gathering economic recovery.
- Industrial firms' profits rose 13.9 percent in March from a year earlier, the National Bureau of Statistics said in a statement Saturday. That compares with a 14 percent decline in the first two months of this year combined.
Key Insights
- The manufacturing outlook has turned brighter on robust output rebound, a record tax cut and improving credit conditions
- Lingering producer deflation risks and uncertainties from trade tensions still continue to weigh on business confidence
To contact the reporter on this story: Carrie Hong in Hong Kong at chong61@bloomberg.net
To contact the editors responsible for this story: Shamim Adam at sadam2@bloomberg.net, Jeffrey Black, John McCluskey
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