Employees work on electric meters production line at a factory in Yinchuan, in northwestern China's Ningxia region on March 21, 2024. (Photo by AFP) / China OUT
BEIJING: China's industrial firms posted higher profits in the opening months of the year, official data showed on Wednesday, suggesting an economic recovery was gaining momentum despite persistent sluggishness in the property sector.
Profits at China's industrial firms jumped 10.2% in the first two months from the same period last year, following a 2.3% profit decline for the whole of 2023, National Bureau of Statistics (NBS) data showed.
