China's "overheated" sectors post strong Q1 earnings

Newswire

SHANGHAI, April 28 (Reuters) - China's metals and automobile firms posted strong first-quarter earnings this year despite being highlighted by the government as two industries of concern due to over-investment and excessive growth. Coal and electronics firms also enjoyed a bumper first quarter, fuelled by torrid demand from China's robust economy, which grew 9.7 percent in the year through the first quarter on the back of a 43 percent jump in fixed asset investment. China's 37 metallurgy ...

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