China’s industrial profits returned to growth in the first quarter, rising 0.8%, reversing a 0.3% decline in the first two months, according to Reuters. Profits rose 2.6% in March alone, driven by a surge in wearable smart device manufacturing and household kitchen appliances. Economists and investors are awaiting new Chinese government support measures as aggressive U.S. tariffs threaten China's export sector, and no trade talks are scheduled. The Communist Party’s Politburo pledged Friday to bolster support for struggling firms and workers and introduce new monetary tools and financing measures.
