China’s Major Industrial Firms Report 4.3% Profit Growth in First Four Months

According to official data released on Monday by the National Bureau of Statistics, profits of China’s major industrial firms have increased by 4.3 percent in the first four months of the year.

The growth rate matches that of the first quarter, with industrial firms generating a combined profit of 2.09 trillion yuan from January to April.

These figures pertain to industrial firms with an annual main business revenue of at least 20 million yuan (approximately 2.81 million U.S. dollars).