Large Chinese companies reported strong profits in March, adding to evidence of an economic rebound despite continued concerns over their debt burdens.
Industrial profits rose 11.1 per cent in March to Rmb561bn ($86.5bn), the National Bureau of Statistics said on Wednesday, bringing first-quarter growth in profits to 7.4 per cent. The March numbers are the strongest since July 2014.
A 4.8 per cent rise in the first two months of the year ended a seven-month string of negative growth. The March data reinforces that trend.
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