China's major industrial firms raked in profits of 3.51 trillion yuan ($484.1 billion) during the first half of 2024, marking a steady 3.5% year-on-year growth, according to fresh data from the National Bureau of Statistics (NBS).
The momentum accelerated in June, with profits rising 3.6%—nearly 3 percentage points faster than May's growth. This builds on an already positive trend, as the H1 growth rate edged up by 0.1 percentage points compared to January-May figures.
Why it matters:
Reinforces signs of economic resilience amid global uncertainties
Highlights improving efficiency in key industrial sectors
Sets optimistic tone for businesses and investors eyeing Asian markets
NBS statistician Yu Weining called the results a sign of \"steady recovery\" in China's industrial landscape—good news for entrepreneurs tracking Asia's economic pulse.
While challenges like fluctuating global demand persist, this growth spurt shows that things are moving in the right direction. Stay tuned for more updates as China continues to drive innovation and productivity!
NewspaperAmigo – Your Global News Buddy 
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