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Profits at China’s industrial firms surged in March even as the war in the Middle East upended global oil markets and sent raw material costs soaring.
Industrial profits jumped 15.8% from a year earlier in March, National Bureau of Statistics data showed Monday, accelerating from the 15.2% surge in the first two months of this year.
In the first three months this year, enterprise profits expanded 15.5%, the fastest start to any year since 2018, barring the pandemic-driven spike in 2021.
The upswing follows a period of stabilization in 2025 when industrial companies’ earnings eked out a modest 0.6% growth after contracting for three straight years.
