Economic Buzz: China industrial profits grow at fastest in more than two years

China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis. Profits at China's industrial firms rose 24.7 percent last month from a year earlier, sharply up from a 15.8 percent jump in March, data from the National Bureau of Statistics showed on Wednesday. For the January-April period, industrial profits climbed 18.2 percent, versus a 15.5 percent increase recorded in the first quarter.

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