Industrial Business Profits

China’s industrial businesses’ profits up 27.9%

The Chinese press can be schizophrenic at times, on one had we have articles about the rising costs for Chinese factories and here on the other had we have the headline from the same day “China’s industrial businesses’ profits up 27.9%”

Granted, the profitability of these giant industries are often tied to the costs of raw materials like steel and coal, but it is worth noting that “China Inc.” rolls on, despite the increased costs and rising RMB.