Profits of China's leading industrial companies rise 4.3% through April | Video

Beijing, May 26 (EFE/EPA).- China's major industrial enterprises have posted a 4.3 per cent rise in profits from January to April 2024, totalling 2.09 trillion yuan ($289.242 billion), according to the National Bureau of Statistics (NSO). This rise marks a recovery after a 2.3 per cent decline in profits in 2023.

The NSO attributes the growth to the effective implementation of macroeconomic policy packages, which have stimulated market demand and boosted industrial production and efficiency. April alone saw a year-on-year increase in profits of 4%, underscoring a sustained upward trend. (Camera: WU HAO).

FOOTAGE SHOWS PEOPLE ON THE STREETS AND A CONSTRUCTION SITE IN BEIJING, CHINA.

Metadata

Date: 27/05/2024 04:48 (UTC)
Credit: EFE
Source: EPA
Topic: Economy, business and finance » Company information » Quarterly or semiannual financial statement
Economy, business and finance » Company information
Economy, business and finance
Type: Rough cut
Duration: 121 seconds
Reference: 55013696516
Relevance: Normal