Monday, March 17, 2025 | 04:01 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

China's industrial profits slump in April as Covid curbs squeeze firms

Industrial output from the commercial hub of Shanghai, located at the heart of manufacturing in the Yangtze River Delta, nosedived 61.5% in April

Photo: Bloomberg
Premium

Photo: Bloomberg

Reuters Beijing
Profits at China's industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by COVID-19 curbs squeezed margins and disrupted factory activity.

Profits shrank 8.5% from a year earlier, swinging from a 12.2% gain in March, according to Reuters' calculations based on National Bureau of Statistics (NBS) data released on Friday. The slump is the biggest since March 2020.

"In April, frequent COVID-19 outbreaks were widespread in some regions, creating big shocks to the production and operations of industrial firms and leading to a drop in their profits,"

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in