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Chinese national flags are flying near a steel factory in Wu'an, Hebei province, China.   © Reuters
Business

China Inc. earnings rise on resource rebound, public spending

Net profit rises 16% on previous year but sustainability concerns remain

KENJI KAWASE, Nikkei deputy editor, and YUSHO CHO, Nikkei staff writer | China

HONG KONG/ SHANGHAI -- All of a sudden, corporate China is making a lot more money again. Net profit for listed companies in the first half grew by 16% on the previous year, thanks to rising resource and property prices along with state-supported infrastructure spending.

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