China Posts Strong 15.5% Industrial Profit Growth in First Quarter
Key Points: Major industrial businesses in China grew their total profits by 15.5% to reach 1.696 trillion yuan in the first quarter. High-tech manufacturing companies led the economic charge with a massive 47.4% jump in their early earnings. Government officials credit early macroeconomic policies for boosting corporate revenues despite tough global headwinds. Analysts warn that high oil prices stemming from tensions in the Middle East...