An employee at a company manufacturing lithium batteries in Huaibei, in eastern China’s Anhui province. — AFP
BEIJING: China's industrial profits picked up pace in April, official data showed on Tuesday, signalling economic resilience in the face of trade tensions with the United States and lingering deflationary pressures at home.
The world's two largest economies traded tit-for-tat tariffs last month, after U.S. President Donald Trump announced sweeping "reciprocal tariffs" on April 2, then pausing them for most countries while singling out China for levies of 145%.
