NEWS: China’s Ministry of Finance says state-owned firm profits up 240% y/y (January to April) May 28, 2021 at 04:30AM

NEWS: China’s Ministry of Finance says state-owned firm profits up 240% y/y (January to April) May 28, 2021 at 04:30AM

An impressive number but do be aware that comparing 2021 with 2020 introduces a huge base effect.
January to April 2020 was a very difficult time in China with the pandemic outbreak and subsequent lockdowns and therefore impacts on the economy.

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An impressive number but do be aware that comparing 2021 with 2020 introduces a huge base effect. January to April 2020 was a very difficult time in China with the pandemic outbreak and subsequent lockdowns and therefore impacts on the economy.

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An impressive number but do be aware that comparing 2021 with 2020 introduces a huge base effect.
January to April 2020 was a very difficult time in China with the pandemic outbreak and subsequent lockdowns and therefore impacts on the economy.