Stimulus helps drive China's industrial profits as trade risks loom large
BEIJING (Reuters) -China's industrial profits picked up pace in April, official data showed on Tuesday, giving policymakers cause for optimism that recent stimulus efforts are helping to keep the economy afloat despite trade tensions with the United States. U.S. President Donald Trump's decision to single China out in his global trade war has stirred significant worries about an economy that has been reliant on an export-led recovery to drive momentum in the face of weak domestic demand and deflationary pressures. Industrial profits rose 1.4% year-on-year in the January-April period, according to data released by the National Bureau of Statistics (NBS).