(MENAFN) Official data showed that profits of Chinese industrial businesses increased by 2.6 percent last month to reach USD78.3 billion compared to a year earlier, Xinhua reported.
According to the National Bureau of Statistics (NBS), the surge follows a 0.4 percent drop registered in March. In the first four months industrial profits shrank by 1.3 percent to USD282.42 billion.
NBS statistician attributed the improvements to the growth of industrial production and sales, higher investment returns in industrial businesses and a fall in operating costs.
During the first four months of 2015, 30 of the 41 sectors reported annual profit increases, with high-tech sectors, including computers and telecommunications, reporting profit increases of 23.3 percent.
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