Profit growth for China's major industrial enterprises reached a six-month high in March, driven by rebounds in factory-gate prices despite disruptions related to the Iran conflict. Total profits saw a significant increase, according to data released by the National Bureau of Statistics.

Profit growth at China’s industrial firms accelerated to a six-month high in March, as long-suppressed factory-gate prices turned positive amid disruptions from the Iran war. Total profits for China’s major industrial enterprises – those with annual revenues greater than 20 million yuan (US$2.93 million) – grew by 15.8 per cent last month, the fastest rate since September, according to data released by the National Bureau of Statistics (NBS) on Monday. Profits in the first quarter reached 1.696....