Resilience to be the hallmark of 2018

Improved industrial profits in April show domestic growth remains robust

China's improving industrial profits in April, bolstered mainly by high profit margins in the steel, chemical and auto industries, show that the world's second-largest economy remains resilient, analysts said.

The nation's industrial firms made 576 billion yuan ($90.14 billion) of profits in April, up by 21.9 percent year-on-year, the fastest pace since October, according to figures released on Sunday by the National Bureau of Statistics.