Reference News website reported on April 28 that according to a report from Bloomberg News website on April 27, the profits of China's industrial enterprises rebounded in March, showing that the economy still has resilience against the backdrop of tense trade relations with the United States. According to reports, data released by the National Bureau of Statistics on April 27 showed that the profits of large-scale industrial enterprises increased by 2.6% year-on-year in March. The improvement in profit conditions is considered a key factor in boosting corporate confidence and encouraging them to invest and hire more staff, especially as China is committed to achieving around 5% economic growth this year. Additionally, the profits of high-tech manufacturing enterprises turned from a year-on-year decrease of 5.8% in January and February to an increase of 3.5%. Reportedly, the statement from the National Bureau of Statistics said that nearly six out of ten industries achieved profit growth in the first quarter. Yu Weining, a statistician from the Industrial Department of the National Bureau of Statistics, said in the statement, "Incremental policies and existing policies are working together to drive a good start for the industrial economy." In response to external shocks, China stated on the 25th that it would "fully prepare" contingency plans. It was reported that the meeting of the Political Bureau of the CPC Central Committee indicated that new structural monetary policy tools would be created to support scientific and technological innovation, expand consumption, stabilize foreign trade, etc. According to a report from Reuters on April 27, official data showed that the profits of China's large-scale industrial enterprises recovered growth in the first quarter. The report said that data from the National Bureau of Statistics showed that the profits of large-scale industrial enterprises across the country increased by 0.8% year-on-year in the first quarter, reaching RMB 1.5 trillion. In March, the profits of large-scale industrial enterprises turned from a decline of 0.3% in January and February to an increase of 2.6%. Previously announced data showed that China's economic growth in the first quarter was stronger than expected, thanks to incremental measures that promoted consumption and supported investment. However, amid companies' efforts to cope with intensifying trade frictions, their own profits and employee incomes were affected. Relevant departments are making efforts to help exporters find domestic buyers to replace the U.S. market. The meeting of the Political Bureau of the CPC Central Committee on April 25 stated that assistance will be provided to enterprises significantly affected by tariffs. (Translated by Yang Xinpeng and Wang Diqing) [Image source: https://p3-sign.toutiaoimg.com/tos-cn-i-axegupay5k/ce42a3d9e09f409e8b11c05cdb1703fe~tplv-tt-origin-web:gif.jpeg?_iz=58558&from=article.pc_detail&lk3s=953192f4&x-expires=1746427303&x-signature=uK5o9yz2p98RgxrI2ANoNzHq%2BfY%3D] Staff members of Shandong Guochuang Precision Machinery Co., Ltd. located in Huimin County, Binzhou City, Shandong Province, are seen spraying coatings on wind turbine hubs (photo taken on October 8, 2024). (Photo by Guo Xulei) Original article: https://www.toutiao.com/article/7498247688169800201/ Disclaimer: The article represents the views of the author. Please express your opinions by clicking the "Like/Dislike" buttons below.