China industrial profits off the canvas

Tuesday 29 January 2013

Over the long weekend China released its industrial profits figures for December, an important release given it offers a guide to the health of big business and is a direct input into GDP. The results were a steady continuation of the recent uptrend after last year’s August bottom:

The internals show steady improvement across industries:

But who’s be a Chinese steel mill?

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.