China's industrial profits slump for second month in May
6 Articles
6 Articles
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.
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.
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