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China's industrial profits up 27% in Sept; surge most since 2011

Industrial profits in September rose 27.7% from a year earlier to 662.18 billion yuan

Reuters  |  Beijing 

Profits for China's industrial powerhouses surged the most in nearly six years in September as a government crackdown on air pollution sparked fears of winter supply shortages and sent prices of finished goods like steel and copper sharply higher. Sustained earnings growth will give China's policymakers more room to restructure bloated and often inefficient state-owned enterprises, which dominate the industrial landscape and account for a hefty portion of the country's corporate debt. Industrial profits in September rose 27.7 per cent from a year earlier to ...

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First Published: Fri, October 27 2017. 13:52 IST