China industrial companies post rapid profit growth

A worker assembles a robotic arm at a factory in Foshan, Guangdong province. [Provided to China Daily]

BEIJING - China's major industrial firms registered a robust profit growth in the first two months, fresh evidence of a stabilizing economy, the National Bureau of Statistics (NBS) said Monday.

The companies reported a 31.5 percent profit increase in January and February from one year earlier, the NBS said in a statement.