NBS: China Industrial Production Rebounded Steadily In March, Decline In Corporate Profits Narrowed

Sun Xiao, a statistician from the Industry Department of the National Bureau of Statistics, interpreted the profit data of industrial enterprises in March, saying that in March, industrial production rebounded steadily, and the decline in corporate profits narrowed.

On the whole, the decline in profits of industrial enterprises is still relatively large, and the extent and amount of losses of enterprises are still relatively high. However, the year-on-year decline in upstream prices is conducive to improving the profitability of downstream industries.

In the next stage, we should continue to focus on expanding market demand, boosting market confidence, improving business expectations, improving the level of production and sales, and accelerating the recovery of industrial enterprises' profits.