Latest news with #industrialprofits
South China Morning Post
27-05-2025
- Business
- South China Morning Post
China's industrial profits grow in April despite US trade war
China's large industrial enterprises posted modest but accelerating growth in April, despite an unprecedented trade war with the United States that drove up tariffs on both sides and intensified economic uncertainty. Industrial profits among larger firms, with an annual income of 20 million yuan ($US2.78 million) or above generated from their main businesses, recorded a 3 per cent year-on-year increase last month, the National Bureau of Statistics (NBS) announced on Tuesday, up from 2.6 per cent year-on-year growth in March. For the first four months of the year, industrial profits recorded 1.4 per cent growth – with private enterprises posting the highest growth rate while profits for state-owned enterprises declined. Zhang Zhiwei, president of Pinpoint Asset Management, said it was the second consecutive month that industrial profits grew and that the trend aligned with other data points for April such as China's improved export figures. Industrial profit growth would likely remain positive through the first half of the year but the picture for the second half was blurred, he added. 'The uncertainty is very high because the trade relationship between China and the US is not very clear.' The April data was the first indicator of the health of China's industrial profits since its escalating tariff war with the US – before the two countries agreed to a 90-day trade truce on May 14.
Asharq Al-Awsat
27-05-2025
- Business
- Asharq Al-Awsat
China's Industrial Profits Maintain Growth Momentum in April Despite Trade Tensions
China's industrial profits picked up pace in April, official data showed on Tuesday, signaling economic resilience in the face of trade tensions with the United States and lingering deflationary pressures at home. The world's two largest economies traded tit-for-tat tariffs last month, after US President Donald Trump announced sweeping "reciprocal tariffs" on April 2, then pausing them for most countries while singling out China for levies of 145%. The import curbs risk derailing China's largely export-led economic recovery, with analysts warning that up to 16 million jobs could be lost if exports to the United States fall by 50% and the truce Beijing and Washington struck earlier this month cannot be converted into a lasting arrangement. Industrial profits rose 1.4% year-on-year in the January-April period to 2.1 trillion yuan ($292.28 billion), according to data from the National Bureau of Statistics (NBS), following a cumulative 0.8% increase in the first quarter that had reversed a 0.3% drop over the first two months. In April alone, profits rose 3.0%, versus a 2.6% rise in March. A spate of economic indicators released this month painted a mixed picture for China, with better-than-expected exports offset by slowing growth in factory output and retail sales. Meanwhile, factory-gate prices contracted for a 31st straight month and marked their steepest drop in six months in April, further fueling fears of deflation and squeezing companies' profit margin. China's leadership has repeatedly urged officials to take steps to lift business and household confidence for investment and spending as the country navigates a fragile economic recovery. In early May, Beijing announced a broad stimulus plan in its latest push to revive growth with interest rate cuts and a major liquidity injection. Also over the past few months, Chinese policymakers and big e-commerce platforms pledged support for tariff-hit exporters to expand domestically. Profits at state-owned firms were down 4.4% in the first four months. Private-sector companies saw a 4.3% gain and foreign firms posted a 2.5% increase, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenue of at least 20 million yuan from their main operations.
Zawya
27-05-2025
- Business
- Zawya
China's industrial profits grow 1.4% in four months
BEIJING - Profits of China's major industrial companies rose by 1.4 percent year-on-year in the first four months of the year, up from a 0.8 percent increase recorded in the first quarter, according to official data released on Tuesday. Industrial firms with an annual main business revenue of at least 20 million yuan (approximately US$2.78 million) posted combined profits of 2.12 trillion yuan during the January-April period, the National Bureau of Statistics reported. The National Bureau of Statistics reported that profits of major industrial firms climbed by 3 percent in April compared to the same period last year.
Wall Street Journal
27-05-2025
- Business
- Wall Street Journal
China's Industrial Profit Growth Accelerated in April
China's industrial companies reported higher profits in April, driven by faster production despite continuing uncertainties from trade tensions between Beijing and Washington. Industrial profit rose 3.0% from a year earlier in April, accelerating from a 2.6% increase in March, said the National Bureau of Statistics on Tuesday.
Reuters
27-05-2025
- Business
- Reuters
China's industrial profits maintain growth momentum in April despite trade tensions
BEIJING, May 27 (Reuters) - China's industrial profits picked up pace in April, official data showed on Tuesday, signalling economic resilience in the face of trade tensions with the United States and lingering deflationary pressures at home. The world's two largest economies traded tit-for-tat tariffs last month, after U.S. President Donald Trump announced sweeping "reciprocal tariffs" on April 2, then pausing them for most countries while singling out China for levies of 145%. The import curbs risk derailing China's largely export-led economic recovery, with analysts warning that up to 16 million jobs could be lost if exports to the United States fall by 50% and the truce Beijing and Washington struck earlier this month cannot be converted into a lasting arrangement. Industrial profits rose 1.4% year-on-year in the January-April period to 2.1 trillion yuan ($292.28 billion), according to data from the National Bureau of Statistics (NBS), following a cumulative 0.8% increase in the first quarter that had reversed a 0.3% drop over the first two months. In April alone, profits rose 3.0%, versus a 2.6% rise in March. A spate of economic indicators released this month painted a mixed picture for China, with better-than-expected exports offset by slowing growth in factory output and retail sales. Meanwhile, factory-gate prices contracted for a 31st straight month and marked their steepest drop in six months in April, further fuelling fears of deflation and squeezing companies' profit margin. China's leadership has repeatedly urged officials to take steps to lift business and household confidence for investment and spending as the country navigates a fragile economic recovery. In early May, Beijing announced a broad stimulus plan in its latest push to revive growth with interest rate cuts and a major liquidity injection. Also over the past few months, Chinese policymakers and big e-commerce platforms pledged support for tariff-hit exporters to expand domestically. Profits at state-owned firms were down 4.4% in the first four months. Private-sector companies saw a 4.3% gain and foreign firms posted a 2.5% increase, according to a breakdown of the NBS data. Industrial profit numbers cover firms with annual revenue of at least 20 million yuan from their main operations. ($1 = 7.1850 Chinese yuan renminbi)
