Profits at Chinese industrial companies are expected to surge in the coming months after a rebound in the fourth quarter of last year amid a broader recovery in the world’s second-largest economy.
Total profits earned by leading Chinese industrial enterprises rose 17.3 per cent from a year earlier in December to Rmb895.2bn ($144bn), according to figures released by the Chinese government yesterday.
That marked the third month of double-digit profit growth after profits had contracted for eight consecutive months, unnerving investors and prompting the government to loosen monetary policy and step up infrastructure investment to boost growth last year.
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