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China’s industrial profits returned to growth

China’s industrial profits returned to growth
In the first two months of 2015, China’s industrial profits returned to growth. This happened despite the weakening business conditions and the slowing economic growth in China, which is the second-largest economy in the world.  The year 2016 is so far highlighted by economic growth The profits earned by the Chinese industrial companies in January and February were higher with 4,8% than the previous year, totaling around 780.7bn CNY ($120bn), according to the National Bureau of Statistics (NBS). This is a good thing, especially when compared with the annual fall from December 2015, which was 4.7%. This positive trend is the result of quicker products sales of the industrial firms and the decline of industrial producer prices, according to He Ping (NBS official).  The industries that contributed the most to this growth are electrical machinery, food sectors, and oil processing industries. The increase in profits was also the result of industry sectors benefiting from lower oil prices. The food industry has grown significantly as a consequence of the high demand and the price decline for some raw materials.  The National...
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