China industrial profits hit 6-month high amid Iran war as factory-gate prices rebound

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Profit growth at China’s industrial firms accelerated to a six-month high in March, as long-suppressed factory-gate prices turned positive amid disruptions from the Iran war. Total profits for China’s major industrial enterprises – those with annual revenues greater than 20 million yuan (US$2.93 million) – grew by 15.8 per cent last month, the fastest rate since September, according to data released by the National B...