China's industrial profits increased in January-April period

China's industrial profit between January and April 2024 increased 4.3 percent annually to 2.09 trillion yuan ($288.6 billion).

This figure was unchanged from the 4.3 percent increase recorded in the January-March period of 2024. The industrial profit figures include companies with annual revenues of at least 20 million yuan.

The effect of stimulus measures and improved foreign demand for Chinese products had an impact on the profits of China's industrial companies.