Try to contain your excitement ladies and gentlemen - its still a good few hours off
- Due at 0130GMT
- China Industrial profits for April
- prior was +11.1% y/y (of course they were!)
This data point covers large enterprises
- Those with an annual revenue of more than 20 million yuan from main operations
Chemical companies, agricultural and food processing companies have been outperformers
- But heavy industry & mining have struggled in the 1st quarter
- Debt at Chinese industrial companies increased 5.2% y/y at the end of March