China Industrial Profits (January & February) +10.2% y/y (vs. prior -2.3%)

China Industrial Profits, via National Bureau of Statistics (NBS) data.

China's economic data in the early part of this year has been on the improve. The property market remains fragile, of course. '

Still on the upbeat side, this from last week:

• People's Bank of China dep gov says still more monetary policy room

PBoC stimulus has been light, but its better than nothing. Economists expect the PBoC to follow through with more:

• People’s Bank of China projected to deliver two more RRR cuts this year, LPR cuts too

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Industrial profit numbers cover firms with annual revenue of at least 20 million yuan from their main operations.