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