HONG KONG/SHANGHAI Corporate China is suddenly making a lot more money again. Net profit for listed companies in the first half grew 16% on the year, helped by rising resource and property prices along with state-supported infrastructure spending.
Companies for which comparable 2016 figures are available logged a total profit of 1.67 trillion yuan ($254 billion) in January-June, according to data from Shanghai DZH, recovering from a 4% drop a year earlier. The research company surveyed 3,357 businesses, covering almost all of those listed on the Shanghai and Shenzhen bourses, many of which are dual-listed in Hong Kong. Revenues climbed almost 20% over the same period to 18.16 trillion yuan.
