China's National Bureau of Statistics said the recent price rebound has had a positive effect on corporate profitability. Profits of industrial enterprises above designated size rose 15.7% YoY in the first eight months; the number of industries reporting profit growth increased by six versus last year. The NBS warned some sectors still face operating difficulties. Relevant departments are implementing measures to stabilise growth, expand domestic demand and ease corporate distress, and said poli

China's National Bureau of Statistics said the recent price rebound has had a positive effect on corporate profitability. Profits of industrial enterprises above designated size rose 15.7% YoY in the first eight months; the number of industries reporting profit growth increased by six versus last year. The NBS warned some sectors still face operating difficulties. Relevant departments are implementing measures to stabilise growth, expand domestic demand and ease corporate distress, and said policy effects are expected to materialise gradually.