Chinese industrial profits surged after months of declines, signaling that national campaigns to tackle overcapacity and excessive competition are bearing fruit. Industrial profits in August climbed 20.4% from a year earlier, the first increase in four months, according to data released Saturday by the National Bureau of Statistics. For the first eight months of the year, they climbed 0.9%, beating a Bloomberg Economics forecast for a 1.6% drop. Most Read from Bloomberg Chinese factory deflation eased f ...

Chinese solar shares extended a bull run, as optimism builds that a sector turning point is in sight given authorities’ push to reduce overcapacity and end a cutthroat price war https://t.co/8BBvypHcgf ...