China's industrial profits rise 16.1 percent y/y in first two months of 2018

Dhwani Mehta FXStreet

China’s National Bureau of Statistics (NBS) published its industrial profits data for the first two months of this year, showing a 16.1 percent rise in the reported period when compared to the same period in 2017.

Further Details:

“Industrial profits increased 21.0 percent year-on-year in 2017.

Chinese industrial firms’ liabilities increased 6.0 percent from a year earlier at the end of February, compared with a 5.7 percent rise at the end of 2017.

The data covers large companies with annual revenue of more than 20 million Yuan from their main operations.”

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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