Published 2 years ago

China's industrial profits slump for second month in May

Summary by Ground News

Industrial profit grew 1.0 per cent in January-May compared with a 3.5 per cent gain in the first four months. The industrial profits data covers large firms with annual revenues above 20 million yuan ($2.98 million) from their main operations. ($1 = 6.7190 Chinese yuan)

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Reuters

China's industrial profits slump for second month in May

Profits at China's industrial firms shrank at a slower pace in May following a big slump in April, due to the resumption of activity in major manufacturing hubs, but COVID-19 curbs still weighed on factory production and squeezed factory margins.

2 years ago·United Kingdom

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Channel News Asia

China May industrial profits fall 6.5% y/y

BEIJING : Profit at China's industrial firms in May fell 6.5 per cent from a year earlier, less than the 8.5 per cent slump logged in April, the National Bureau of Statistics said on Monday.Industrial profit grew 1.0 per cent in January-May compared with a 3.5 per cent gain in the first four months.

2 years ago·Singapore

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The Straits Times

China's economy improves in June from lockdown-induced slump

BEIJING (BLOOMBERG) - China's economy showed some improvement in June as Covid restrictions were gradually eased, although the recovery remains muted. Read more at straitstimes.com.

2 years ago·Singapore

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Financial Post

China May industrial profits fall 6.5% y/y

BEIJING -- Profit at China's industrial firms in May fell 6.5% from a year earlier, less than the 8.5% slump logged in April, the National Bureau of Statistics said on Monday. Read More

2 years ago·Canada

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Ecns

China's industrial profits up 1 pct in first five months

Profits of China's major industrial firms rose 1 percent year on year in the first five months of the year, data from the National Bureau of Statistics showed Monday.

2 years ago·China

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