China's industrial profits increased notably in the first quarter, despite challenges posed by geopolitical tensions, data from the National Bureau of Statistics showed on Monday.
Industrial profits logged an annual growth of 15.5 percent in the January to March period. Profits had increased 15.2 percent in the first two months of the year. In March alone, industrial profits increased 15.8 percent from the same period last year, data revealed.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.