Corporate earnings rebound in first half

Positive outlook: An aerial view of the Yangshan container port in Shanghai. China’s quarter-on-quarter economic growth may accelerate later this year as consumption steadily recovers. — AP

SHANGHAI: Chinese listed companies have registered a strong rebound in corporate earnings in the first half of the year, an indication that solid economic fundamentals will continue to attract global investors to the world’s second-largest economy, leading experts said.

A total of 1,064 of China’s A-share companies have seen their first-half net profits surge by more than 50% from the same period of last year, accounting for 60% of the total companies who had reported or released guidelines of first-half financial results as of last Thursday, according to data compiled by Securities Times.