China industrial profits up for January, February

Beijing

CHINA'S industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world's second-largest economy.

Profits earned by Chinese industrial firms in January and February combined rose 4.8 per cent from a year earlier, totalling 780.7 billion yuan (S$164.7 billion) in the two-month period, the National Bureau of Statistics (NBS) said on Sunday. That c…