Nationwide, the profits of industrial enterprises above a certain size witnessed a year-on-year increase of 0.8% in the first quarter, marking a significant turnaround from the previous decline. In March, corporate profits continued to improve, with the manufacturing sector recording a growth of 7.6% and the equipment manufacturing sector expanding by 6.4%. The high-tech manufacturing sector also returned to positive growth, while the policy of trade-ins for consumer goods yielded remarkable results. Macroeconomic policies have paved the way for a strong start to the industrial economy, underscoring the need to sustainably harness policy potential to further bolster corporate profitability.
