Article doesn’t go into it, but thats amid the trade war.
the article itself :) https://www.reuters.com/world/china/chinas-industrial-profits-rise-08-q1-2025-04-27/
Weird, I thought I attached the link. Actually I read a global times article originally, but there are lots regarding the news with similar titles.
0.8% is a surge?
This Bloomberg article explains that the first months if the year showed a contraction of industrial profits, but profits rebounded in March bringing the first quarter to positive industry wide increase in profits. It’s a surge because March profits grew to the extent that they tipped the average for the quarter. It might be confusing if you don’t have the industry context .
Given that there’s a trade war going on that aims to choke off China’s exports, that’s certainly a surge.
surge n 1: a sudden forceful flow [syn: {rush}, {spate}, {surge}, {upsurge}] 2: a sudden or abrupt strong increase; “stimulated a surge of speculation”; “an upsurge of emotion”; “an upsurge in violent crime” [syn: {surge}, {upsurge}]
Nerd
