China’s Jan-Feb industrial profit growth quickens

Industrial firms with an annual business turnover of at least 20 million yuan (about US$3.06 million) saw their combined profits surge 179 percent year on year during the Jan.-Feb. period to 1.11 trillion yuan, data from the National Bureau of Statistics (NBS) showed. When compared with the first two months of 2019, the figure represented a rise of 72.1 percent.