Incentive Policy: Economy and Dong Dengxin

incentive policy: National Bureau of Statistics NBS data showed on Saturday that China's industrial firms made 589.52 billion yuan 87.6 billion in profits in March, a growth of 13.9 percent year-on-year and a turnaround from the 14 percent drop in the first two months of 2019, according to Global Times China. That also marked the biggest monthly increase since July 2018, according to Reuters. The increase indicates a further rebound of the economy, analysts said. This is another sign of recovery for China's economy, and the growing momentum is likely to continue with the central government's incentive policy and a stabilizing economy, Dong Dengxin, director of the Finance and Securities Institute at the Wuhan University of Science and Technology, told the Global Times on Saturday. The March growth was mainly due to the pickup in production and sales, as well as a recovery of profits in key industrial sectors such as auto, steel and chemical engineering, analysts said. China posted a better-than-expected GDP growth of 6.4 percent in the first quarter of 2019, beating market expectations of 6.2 to 6.3 percent, official data showed. (news.financializer.com). As reported in the news.