China’s industrial companies reported higher profits in April, driven by increased production despite continued uncertainty caused by trade tensions between Beijing and Washington. Industrial profit rose 3.

China's industrial profits picked up pace in April, official data showed on Tuesday, signalling economic resilience in the face of trade tensions with the United States and lingering deflationary pressures at home.

China’s industrial firms saw their profits increase at a faster pace in April, as a government trade-in program drove demand for manufactured products in the face of pressure from higher US tariffs.