China's industrial profits surged 24.7% in April, the fastest growth in over two years, driven by rising AI-related demand and higher oil prices linked to the Iran war.

BEIJING -- Profits of China's major industrial firms increased 18.2 percent year-on-year during the January-April period, surpassing a rise of 15.5 percent in the first quarter,…

Booming electronics and metals sectors outpace weaker downstream manufacturers