BEIJING (Reuters) — China’s industrial profits swung back into positive territory in April while growth over the first four months held steady, official data showed on Monday, suggesting policies to bolster the economy were starting to take effect.
Profits at China’s industrial firms rose 4.3% over January to April from a year earlier, according to data from the National Bureau of Statistics (NBS), unchanged from a 4.3% increase in the first quarter.
In April, profits rose 4.0%, after a 3.5% slide in March.
The improvement indicates “a rebound in market demand, macro policy support and last…
