Article doesn’t go into it, but thats amid the trade war.
the article itself :) https://www.reuters.com/world/china/chinas-industrial-profits-rise-08-q1-2025-04-27/
Weird, I thought I attached the link. Actually I read a global times article originally, but there are lots regarding the news with similar titles.
Oh that’s happened to me before, there might be a small bug in lemmy where it doesn’t save the link on occasion.
0.8% is a surge?
This Bloomberg article explains that the first months if the year showed a contraction of industrial profits, but profits rebounded in March bringing the first quarter to positive industry wide increase in profits. It’s a surge because March profits grew to the extent that they tipped the average for the quarter. It might be confusing if you don’t have the industry context .
Given that there’s a trade war going on that aims to choke off China’s exports, that’s certainly a surge.
surge n 1: a sudden forceful flow [syn: {rush}, {spate}, {surge}, {upsurge}] 2: a sudden or abrupt strong increase; “stimulated a surge of speculation”; “an upsurge of emotion”; “an upsurge in violent crime” [syn: {surge}, {upsurge}]
a sudden or abrupt strong increase
If we’re doing this, a small surge during an economic trade war targeted mostly towards the country is quite strong. It is abrupt. Fits the definition well. I love lawyering.
Strong increase? 0.8% is “strong”?
In economics terms, 1 percent growth is considered very good. Yes, 0.8 isn’t 1 percent, but it’s pretty close.
orly?
Strong economic growth is typically defined as a GDP growth rate of 3% or higher. 2% can also be considered healthy, depending on the economic context.
It depends on context. And when one of the world’s most powerful countries is sanctioning and tariffing you, that growth still speaks volumes.
“gdp is everything lol” We aren’t neoliberals.
“orly?” Do you usually talk like an insufferable Redditor?
We measure the improvement of material conditions of the working class. China serviced that far better than the west and their economic growth to maintain that ideal against a unprecedented trade war is indeed strong.
We still doing this? Let’s compare American manufacturing industry too while we stroke off about GDP…lmfao
Nerd
