China January to April Industrial Profits Up 11.4% on Year

china auto factory.jpg
Eugene Hoshiko

China's industrial firms made total profits of 1.61 trillion yuan ($262.6 billion)in the first four months of 2013, up 11.4 percent from the same period a year ago, the National Bureau of Statistics said on Monday.

(Read More: Outlook for China's Economy Just Keeps Getting Worse )

In April, profits were 436.7 billion yuan, up 9.3 percent from the same month last year, NBS said in a statement on its website,