China Industrial Profits Surge in First Two Months of Year

Miners move coal to a transport vehicle in Huaibei, Anhui province, in December 2015. Profits of Chinese industrial companies spiked 31.5% year-on-year in the first two months of 2017. Photo:Visual China

(Beijing) — Chinese industrial companies’ year-on-year profits surged in the first two months of 2017, the National Bureau of Statistics (NBS) figures showed Monday.

Profits of Chinese industrial firms jumped 31.5% in the first two months year-on-year, picking up sharply from an 8.5% year-on-year increase in 2016 and a 2.3% year-on-year increase in December, largely due to rising prices in industries like coal mining, petroleum and natural gas.