China industrial profits maintain double-digit growth in March

BEIJING — China's major industrial firms continued to post double-digit growth in March, adding to signs of a stabilizing Chinese economy, official data showed Thursday.

The companies reported a 23.8-percent year-on-year profit growth last month, down from 31.5 percent in January and February but much faster than the 8.5-percent increase in 2016, according to the National Bureau of Statistics.