China's Jan-Feb Industrial Profits Recover

(RTTNews) - China's industrial profits recovered in the first two months of 2016, the National Bureau of Statistics revealed Sunday.

Industrial profits advanced 4.8 percent in January and February from the same period of last year. Profits totaled CNY 780.7 billion.

The annual growth was largely driven by oil processing, electrical machinery and food industries.

In December, industrial profits declined 4.7 percent annually, which was the seventh straight decrease. For the whole year of 2015, profits logged a 2.3 percent drop.

In the January to February period, producer prices slid 5.1 percent year-on-year, the NBS reported.