China's Big Companies Make More Money
Introduction
China's government shared new data on April 27. Big industrial companies made more money in the first three months of the year.
Main Body
Many companies made more profit. Companies that make computers and AI chips made a lot of money. Some companies made 120 percent more profit than last year. But other companies did not do well. People in China are not buying many things. Companies that sell drinks and houses made less money. Oil prices are going up. This is because the US and Iran are angry at each other. High oil prices make things more expensive for factories to build.
Conclusion
Some companies in China are doing very well. However, other companies have problems because people buy less and oil costs more.