China’s industrial profits grow in April despite US trade war

China’s large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty.

Industrial profits among larger firms, with an annual income of 20 million yuan ($US2.78 million) or above generated from their main businesses, recorded a 3 per cent year-on-year increase last month, the National Bureau of Statistics (NBS) announced on Tuesday, up from 2.6 per cent year-on-year growth in March.

For the first four months of the year, industrial profits recorded 1.4 per cent growth – with private enterprises posting the highest growth rate while profits for state-owned enterprises declined.

Zhang Zhiwei, president of Pinpoint Asset Management, said it was the second consecutive month that industrial profits grew and that the trend aligned with other data points for April such as China’s improved export figures.

Industrial profit growth would likely remain positive through the first half of the year but the picture for the second half was blurred, he added.

“The uncertainty is very high because the trade relationship between China and the US is not very clear.”

The April data was the first indicator of the health of China’s industrial profits since its escalating tariff war with the US – before the two countries agreed to a 90-day trade truce on May 14.

Source link

Visited 1 times, 1 visit(s) today

Related Article

Is T-Mobile making AT&T and Verizon sweat?

AT&T and Verizon have been running media campaigns accusing T-Mobile of misleading customers with its claims of having the best network. T-Mobile has shot back, pointing to its stellar Q3 results to assert that its rivals are feeling pressured by its growth. The search for the best T-Mobile was the hot favorite in Q3. It

25 October 2025

Celebrities Who Chopped Their Hair Short And Never Went Back

Bettmann/Getty Images We may receive a commission on purchases made from links. There’s a reason why certain haircuts outlive red carpets and movie posters. For many stars, a drastic chop is a phase, a publicity stunt, or a role requirement. Grow it out, add some extensions, and

25 October 2025
Hong Kong charity expands public health efforts across belt and road countries

Hong Kong charity expands public health efforts across belt and road countries

Hong Kong-based charity GX Foundation is broadening its public health initiatives in belt and road countries, as Chinese enterprises are increasingly expected to consider the “social dimension” of their operations beyond foreign investment pursuits, its chairman, former city leader Leung Chun-ying, has said. The foundation signed a memorandum of understanding with its business partners to

25 October 2025