Profits at Chinese industrial companies jump 20.5% Y/Y in October to 500B yuan ($80.4B), with...

|By:, SA News Editor

Profits at Chinese industrial companies jump 20.5% Y/Y in October to 500B yuan ($80.4B), with growth accelerating from a 7.8% rise in September and providing further evidence that the economy is rebounding. "The profit number, together with other economic indicators, shows there is no need for the government to launch new easing policies," says Citigroup economist Ding Shuang.