China industrial profit growth accelerates

Strong growth: An employee inspecting a door handle is reflected in a rear mirror of a vehicle at SAIC-GM-Wuling Automobile Co’s plant in Liuzhou. China’s industrial profits advanced 21.9 in April from a year earlier. — Bloomberg

SHANGHAI: Profit growth at Chinese industrial companies accelerated, snapping a streak of slowing expansion since October, as factory output remained robust.

Industrial profits advanced 21.9% in April from a year earlier, versus a 3.1% increase in March and 16.1% in January and February combined.