BEIJING (Reuters) — China’s industrial profits posted smaller gains for the first quarter compared to the first two months, official data showed on Saturday, adding to evidence of an uneven recovery for the world’s second-biggest economy.
Profits at China’s industrial firms rose 4.3% in the first quarter from a year earlier, National Bureau of Statistics (NBS) data showed, slower than a 10.2% rise in the first two months.
Profits fell 3.5% year-on-year in March. NBS did not break down monthly numbers for Jan-Feb, but had said at the time that monthly numbers have extended gains since August 2023.
The reading complemented a slew of economic…
