China’s industrial profits returned to growth in the first quarter, rising 0.8%, reversing a 0.3% decline in the first two months, according to Reuters. Profits rose 2.6% in March alone, driven by a surge in wearable smart device manufacturing and household kitchen appliances. Economists and investors are awaiting new Chinese government support measures as aggressive U.S. tariffs threaten China's export sector, and no trade talks are scheduled. The Communist Party’s Politburo pledged Friday to bolster support for struggling firms and workers and introduce new monetary tools and financing measures.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02China's industrial profits returned to growth in the first quarter, rising 0.8%,
00:06reversing a 0.3% decline in the first two months, according to Reuters.
00:10Profit rose 2.6% in March alone, driven by a surge in wearable smart device manufacturing
00:15and household kitchen appliances. Economists and investors are awaiting new Chinese government
00:19support measures as aggressive U.S. tariffs threaten China's export sector, and no trade
00:25talks are scheduled. Communist Party's Politburo pledged Friday to bolster support for
00:29struggling firms and workers and introduced new monetary tools and financing measures.
00:34For all things money, visit Benzinga.com slash GSTV.