Millions of workers who normally travel home over the Lunar New Year holiday had stayed put this year due to COVID-19 fears. That kept factories humming over the period.
BEIJING: Annual profits at China's industrial firms surged in the first two months of 2021, highlighting a rebound in the country's manufacturing sector and a broad revival in economic activity from the coronavirus crisis early last year.
Profits stood at 1.114 trillion yuan ($170.31 billion) in the first two months of 2021, up 179% from the same period last year when the COVID-19 pandemic paralysed economic activity, data from the National Bureau of Statistics (NBS) showed on Saturday.
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