China's Industrial Profits Surge in April due to Demand Recovery

Quick Summary:

April uptick reversed a drop in March that ended seven straight months of increases.

But the recovery of industrial firms needs to be further solidified as “domestic demand remains insufficient and the external environment is still complex and grim”, the statistician said in a statement accompanying the data.

Economists expect China’s central bank to cut interest rates in 2024, while the government has announced a programme to boost consumer spending on cars and household appliances by offering subsidies for trade-ins of older models.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Months Industrial Economy First China’s April Domestic Demand Cent Profits Growth

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-27 @ 11:28:00 (1 months ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 700 words

Reading Time: 4 minutes read

Sentences: 30 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21099104

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 14 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions