the article itself :) https://www.reuters.com/world/china/chinas-industrial-profits-rise-08-q1-2025-04-27/
this post was submitted on 27 Apr 2025
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Weird, I thought I attached the link. Actually I read a global times article originally, but there are lots regarding the news with similar titles.
Oh that's happened to me before, there might be a small bug in lemmy where it doesn't save the link on occasion.
0.8% is a surge?
Given that there's a trade war going on that aims to choke off China's exports, that's certainly a surge.
surge n 1: a sudden forceful flow [syn: {rush}, {spate}, {surge}, {upsurge}] 2: a sudden or abrupt strong increase; "stimulated a surge of speculation"; "an upsurge of emotion"; "an upsurge in violent crime" [syn: {surge}, {upsurge}]
Nerd
a sudden or abrupt strong increase
If we're doing this, a small surge during an economic trade war targeted mostly towards the country is quite strong. It is abrupt. Fits the definition well. I love lawyering.
Strong increase? 0.8% is "strong"?
In economics terms, 1 percent growth is considered very good. Yes, 0.8 isn't 1 percent, but it's pretty close.
orly?
Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
"gdp is everything lol" We aren't neoliberals.
"orly?" Do you usually talk like an insufferable Redditor?
We measure the improvement of material conditions of the working class. China serviced that far better than the west and their economic growth to maintain that ideal against a unprecedented trade war is indeed strong.
We still doing this? Let's compare American manufacturing industry too while we stroke off about GDP...lmfao
Kindly follow the entire conversation if you want to argue. My comment was written to a false claim about economic growth analysis.
The working class in China is not seeing any improvement in their living standards right now, if that's your argument.
0.8% is not a "surge". If the average Chinese worker received a pay increase (and the haven't this year) of 0.8% nobody would claim that was a surge in their earnings.
I have! Let's go ahead and read over your own words since you are incapable of doing that. It isn't a false claim, speaking of the material context of what is currently happening when the nation is facing a UNPRECEDENTED trade war. Ignoring what I'm saying doesn't change that.
That was not my argument. You brought up GDP and you will find GDP doesn't mean jack-shit to most Marxists.
If the average Chinese worker received a pay increase (and the haven’t this year) of 0.8% nobody would claim that was a surge in their earnings. Nobody claimed there was a surge in their earnings. What I claimed was that it is indeed abrupt and STRONG because of the trade war currently happening. It is indeed strong because of the fact that they are still growing in the face of their major importing declaring full trade-war. That is strong. You cannot lawyer out of that.
Anything else?
It depends on context. And when one of the world's most powerful countries is sanctioning and tariffing you, that growth still speaks volumes.
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 .
In March, total profits of industrial companies rose 2.6%, according to National Bureau of Statistics (NBS) data.
2.6% rise in 1 month is fine to call a surge