China's major industrial firms have witnessed a notable increase in profits, rising by 4.3 percent year-on-year in the first four months of 2023, according to official data released on Monday.
This growth rate matches that recorded in the first quarter, as reported by the National Bureau of Statistics.
During the January-April period, industrial firms with an annual main business revenue of at least 20 million yuan (approximately $2.81 million) achieved combined profits totaling 2.09 trillion yuan. Notably, in April, the profits of these leading industrial firms reversed from a year-on-year decrease of 3.5 percent in March to an increase of 4.0 percent.
This steady growth underscores the resilience and potential of China's industrial sector amidst global economic challenges, offering promising prospects for entrepreneurs and business enthusiasts monitoring emerging markets.
Reference(s):
cgtn.com
