Net profit at Chinese industrial companies increased for the first time in six months in...

|By:, SA News Editor

Net profit at Chinese industrial companies increased for the first time in six months in September, rising 7.8% Y/Y to 464.3B yuan ($74.3B) vs a 6.2% fall in August, the government said yesterday. The figures follow data that shows accelerating industrial output and retail sales, as well as improving PMI, indicating that economic growth may be picking up once more.