30 APRIL 2024AlCircle.com
Industrial profit slide in March raises questions about China's economic recovery pace
Edited by : Rupankar Majumder
3 min read
According to official data released on April 27, 2024, industrial profits in China fell short in March and showed reduced growth for the quarter compared to the preceding two months. This raises concerns about the robustness of the recovery in the world's second-largest economy.
In the first quarter, China's industrial firms saw a 4.3 per cent increase in cumulative profits, reaching RMB 1.5 trillion ($207.0 billion), as per data from the National Bureau of Statistics (NBS). This growth rate is slower compared to the 10.2 per cent rise observed in the initial two months of the year.
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