2mo ago

China's industrial profits surge 0.8% in Q1 driven by policy combinations, growth in equipment, high tech manufacturing: NBS

Article doesn't go into it, but thats amid the trade war.

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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.
  https://www.globaltimes.cn/page/202504/1332947.shtml
  
  Oh that's happened to me before, there might be a small bug in lemmy where it doesn't save the link on occasion.
0.8% is a surge?
- 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}]
- 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 .
- In March, total profits of industrial companies rose 2.6%, according to National Bureau of Statistics (NBS) data.
  2.6% rise in 1 month is fine to call a surge

18 comments