BEIJING: China's industrial profits in April grew at the fastest pace since November 2023, despite financial pressures stemming from softening domestic demand and rising component costs exacerbated by the Middle East crisis.
The latest data adds to signs of an uneven recovery, with the economy largely losing momentum at the start of the second quarter. While exports have remained a rare bright spot, most other indicators have undershot expectations, leaving firms increasingly reliant on overseas markets for growth.
