Recent data from the National Bureau of Statistics (NBS) indicates a significant uptick in the profits of China's major industrial firms, marking a 10.2% year-on-year increase in the first two months of 2024. This growth, amounting to 914.06 billion yuan (approximately $126.53 billion), contrasts sharply with the 2.3% decline observed over the full year of 2023. Notably, the manufacturing sector has seen a remarkable profit rise of 17.4%, contributing to the overall positive momentum in China's industrial sector. This development is seen as a positive sign for the Chinese economy, which has been under scrutiny for signs of recovery.
Profits of China's major industrial firms increased 10.2 percent year-on-year in the first two months of the year, data from the National Bureau of Statistics (NBS) showed Wednesday. #economy https://t.co/7frs5DT6P7
Profits at Chinaβs industrial companies increased in the first two months of the year, adding to positive signs in the economy https://t.co/QrRqFjr2Ia
Chinese #industrial companies' #profit rose 10.2% y/y in Jan - Feb to 914 bn yuan, vs 2.3% drop for full year of 2023 The Wire >> https://t.co/haGgRmRP6L https://t.co/cThox2I9Tj
Chinese #industrial companies' #profit rose 10.2% y/y in Jan - Feb to 914 bn yuan, manufacturing sector's profit rose 17.4% The Wire >> https://t.co/haGgRmRP6L https://t.co/I2GsaAJx0Y
China's major industrial firms saw their profits reach 914.06 billion yuan (about $126.53 billion), an increase of 10.2% YoY, in the first two months of 2024, data from the National Bureau of Statistics showed Wednesday. #ChinaEconomy https://t.co/OLr6FMvr6c
JUST IN: China's January to February industrial profit grew by 10.2% y/y to 0.914 trillion yuan.-NBS 1/ thread #China #industry #profit π¨π³ https://t.co/IFn2Qt0ekC
π΄ CHINA SEES 10.2% YEAR ON YEAR INCREASE IN JAN-FEB INDUSTRIAL PROFITS: STATISTICS BUREAU
π΄ CHINESE INDUSTRIAL PROFIT YTD ACTUAL 10.2% (FORECAST -, PREVIOUS -2.3%) $MACRO
π¨π³ Industrial Profits (YTD) YoY (Feb) Actual: 10.2% Previous: -2.3% https://t.co/IWr1kuqT5B
π΄ HONG KONG EXPORTS ACTUAL -0.8% (FORECAST 2%, PREVIOUS 33.6%) $MACRO
π΄ HONG KONG IMPORTS ACTUAL -1.8% (FORECAST -1%, PREVIOUS 21.7%) $MACRO
π΄ SWEDISH PPI YOY ACTUAL -1.3% (FORECAST -, PREVIOUS -2.3%) $MACRO
π΄ SWEDISH PPI MOM ACTUAL 0% (FORECAST -, PREVIOUS 0.3%) $MACRO
π΄ JAPANESE SERVICE PPI ACTUAL 2.1% (FORECAST 2.1%, PREVIOUS 2.1%) $MACRO