China industrial profits grow 23.8% y/y in March

Dhwani Mehta FXStreet

China’s National Bureau of Statistics (NBS) reported on Thursday that the Chinese industrial profits rose 23.8% on yearly basis in March, although slowing from growth of 31.5 percent in the first two months, as cited by Reuters.

Profits in March rose to 688.7 billion yuan ($99.9 billion)

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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