China industrial profits rise 3.1 percent y/y in March

China's major industrial firms reported weaker profit growth in the first three months of this year, the National Bureau of Statistics (NBS) said on Friday. 

The industrial profits of the Chinese companies grew by only 3 percent y/y in March versus 10.8% growth seen previously.

Industrial Profits for Q1 (Jan-Mar) grew 11.6 percent while the iindustrial firms’ liabilities for March were up 5.8% y/y.