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NBS: Chinese industrial firms’ Q1 profits up 137%

ABSTRACT

China’s sizable industrial firms posted a 137% on-year gain in their gross profits over January-March, which was also up 50.2% from Q1 2019, confirming their significant improvement in their financial performance, according to the release by the country’s National Bureau of Statistics (NBS) on April 27.
“In the first quarter, both industrial activities and economy had continued to recover, with enterprises achieving stability in both production and operations, and their profits had recovered at a faster pace and efficiency in operations had been enhanced consistently,” Zhu Hong, NBS’s senior statistician, was quoted analysing the Q1 data. In

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