China Jan-Feb industrial profits jump 31.5% y/y

China’s National Bureau of Statistics (NBS) published the latest industrial profits data for Jan-Feb, via Reuters.

Key Details:

China's industrial profits rose a combined 31.5% in January and February from the same period a year earlier

A statistics bureau official noted, “The profit increase was mostly due to faster growth in prices of coal, steel and crude oil, He Ping.”