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China industrial profits jump 15.8% in March despite Iran war oil disruption
AI-linked firms posted strong gains, but weak consumer demand and Middle East supply risks kept the recovery uneven, Reuters reported.
- On Monday, National Bureau of Statistics data showed Chinese industrial profits rose 15.8% in March, accelerating from a 15.2% gain in January-February, with first-quarter profits expanding 15.5%.
- Chinese producer price growth turned positive in March, ending a three-year deflationary streak as Brent prices soared about 48% since late February, driving up costs.
- Sectoral performance remains uneven; Shannon Semiconductor posted a 79-fold surge in first-quarter net profits, while Kweichow Moutai reported subdued performance due to weak domestic demand.
- Manufacturers face margin erosion as higher input costs collide with cooling exports and cautious spending, leaving Chinese firms with limited pricing power despite headline profit gains.
- The Middle East crisis has heightened uncertainty for global supply chains, forcing policymakers to weigh external pressures against fragile domestic recovery efforts in coming quarters.
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China’s Metals Boom Hits Highest Profit Levels Since 2016
China’s metals makers booked their strongest quarter since 2016 in January to March, benefiting from consistently higher prices for their products, enjoying an additional boost from the Middle East crisis. Aluminum and copper were the biggest winners, Bloomberg reported earlier today, helping Chinese metals producers book combined profits of some $21 billion for the three months to March. Copper prices hit an all-time high in the first quarter a…
·London, United Kingdom
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Coverage Details
Total News Sources15
Leaning Left3Leaning Right1Center8Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
L 25%
C 67%
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