Industrial profits in China rebounded to growth in April after experiencing a decline.

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The story " Industrial profits in China rebounded to growth in April after experiencing a decline." was covered 1 months ago by The Star, a news publisher based in Malaysia.

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The Star 1 mo ago

Industrial profits in China rebounded to growth in April after experiencing a decline. - The Star

Quick Summary:

BEIJING: China's industrial profits swung back into positive territory in April while gains over the first four months period held steady at first-quarter levels, official data showed on Monday, suggesting steps to prop up the economy had partially worked.

For April alone, profits were up 4.0%, versus a 3.5% slide in March.

Li Auto, one of the few profitable Chinese EV makers, posted a 37% fall in first-quarter profit, missing estimates.