Profits at China’s industrial firms grew at their fastest pace in six months in March, even as the Middle East war upended global oil markets and sent raw material costs soaring. Industrial profits jumped 15.8% from a year earlier in March, the sharpest growth since September last year,
National Bureau of Statistics data showed Monday, quickening from the
15.2% surge in the first two months of this year.
In the first three months this year, enterprise profits rose 15.5%, the fastest start to a year
since 2017, barring the pandemic-driven spike in 2021.
