China industrial firms’ Jan-Feb profits return to growth
China’s industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world’s second-largest economy.
Profits earned by Chinese industrial firms in January and February combined rose 4.8 percent from a year earlier, totaling 780.7 billion yuan ($119.8 billion) in the two-month period, the National Bureau of Statistics (NBS) said on Sunday.
That compared with an annual fall of 4.7 percent in December 2015, which was the seventh straight month of decline. Read more