Investing.com-- Chinese industrial profits grew at their fastest pace in four months in April, as sustained policy support from Beijing helped local factories weather increased export headwinds from U.S. tariffs.

Industrial profit growth accelerated to 1.4% year-on-year in January-April from 0.8% in the prior month, government data showed on Tuesday.

Industrial profits grew 3% y-o-y in April.

Chinese officials said the strong profit jump was largely due to two major policies enacted by Beijing since late-2024, chiefly increased subsidies and trade-ins of consumer goods, and increased large-scale equipment renewal for Chinese businesses.

Tuesday’s data signaled that Beijing’s measures to help offset headwinds from a bitter U.S. trade war were bearing some fruit, although other sectors of the economy- specifically private consumption– still remained sluggish.

Investors are holding out for more targeted, fiscal measures aimed at boosting private spending.