China industrial profits rise 3.1 percent y/y in March

Dhwani Mehta FXStreet

China's major industrial firms reported weaker profit growth in the first three months of this year, the National Bureau of Statistics (NBS) said on Friday.

The industrial profits of the Chinese companies grew by only 3 percent y/y in March versus 10.8% growth seen previously.

Industrial Profits for Q1 (Jan-Mar) grew 11.6 percent while the iindustrial firms’ liabilities for March were up 5.8% y/y.

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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