China's industrial profits swing back to growth in April

BEIJING: China's industrial profits swung back into positive territory in April while gains over the first four months period held steady at first-quarter levels, official data showed on Monday, suggesting steps to prop up the economy had partially worked.

Profits at China's industrial firms rose 4.3% in the January-April period from the same period a year earlier, data from the National Bureau of Statistics (NBS) showed on Monday, unchanged from a 4.3% increase in the first quarter.