INDUSTRIAL profits growth quickened in China last month, led by the power generation and auto manufacturing sectors, the National Bureau of Statistics said yesterday.
Combined profits posted by major industrial companies rose 9.3 percent from a year earlier to 436.7 billion yuan (US$71.2 billion), after gaining 5.3 percent in March.
Yu Jianxun, of the bureau’s industrial department, said the figures were skewed by those in the same two months last year. Industrial profits in April 2012 fell 2.2 percent year on year after March’s 4.5 percent gain.
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Shanghai Daily.com via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/eW7O6EnFkJs/
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