China Industrial Profits Rise Again as Growth Stabilizes
10/27/2023 13:08
China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover.
China’s industrial companies saw profits rise in September for a second straight month, in a further sign that policy support is helping the manufacturing sector recover.
Industrial profits increased 11.9% from a year earlier, according to data published by the National Bureau of Statistics on Friday. That comes after a 17.2% surge in August, which was the first expansion in more than a year.