Free Trial

China Industrial Profits Rise Faster in Jan-Feb: Bureau

CHINA PRESS
MNI (Singapore)

China’s industrial profits rose 5% in the first two months of this year, up from 4.2% increase y/y in December, according to data from the National Bureau of Statistics issued on Sunday. However, corporates are facing rising costs of production and declining profit margins, with production facing significant difficulties, Zhu Hong, the bureau’s senior statistician said in an analysis. China’s manufacturing faces more challenges as the prices of raw materials rose, while Covid lockdowns have forced some factories to halt production.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.