National Bureau Of Statistics: Industrial Production Rebound Steadily in March and Rate of Decline in Corporate Profits Narrow

Sun Xiao, a statistician at the Department of Industry of the National Bureau of Statistics, interpreted the profit data of industrial enterprises in March, saying that in the month, industrial production steadily rebounded and the rate of decline in corporate profits narrowed. Overall, the loss surface and loss amount of enterprises are still high, but the year-on-year fall in upstream prices is conducive to improving the profitability of downstream industries. At the next stage, efforts should continue to be made to expand market demand, boost market confidence, improve enterprise expectations, improve the level of production and marketing, and stimulate the profit of industrial enterprises.