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China's industrial profits surge 0.8% in Q1 driven by policy combinations, growth in equipment, high tech manufacturing: NBS (lemmygrad.ml)

submitted 3 months ago by rigor@lemmygrad.ml to c/worldnews@lemmygrad.ml

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Article doesn't go into it, but thats amid the trade war.

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[–] rigor@lemmygrad.ml 5 points 3 months ago

This Bloomberg article explains that the first months if the year showed a contraction of industrial profits, but profits rebounded in March bringing the first quarter to positive industry wide increase in profits. It's a surge because March profits grew to the extent that they tipped the average for the quarter. It might be confusing if you don't have the industry context .