Senior National Bureau of Statistics (NBS) statistician Zhu Hong attributed the improvement in May to the profit recovery of major equipment manufacturing and coal industries. Photo: AFP
Senior National Bureau of Statistics (NBS) statistician Zhu Hong attributed the improvement in May to the profit recovery of major equipment manufacturing and coal industries. Photo: AFP

China’s industrial giants continue to struggle despite minor profit increase in May

  • Profits fell 2.3 per cent year on year in the first five months of the year, the National Bureau of Statistics said on Thursday
  • Month-on-month, May’s date showed a 1.1 per cent rise to 565.56 billion yuan (US$82 billion) from a year earlier compared with a 3.7 per cent fall in April

Senior National Bureau of Statistics (NBS) statistician Zhu Hong attributed the improvement in May to the profit recovery of major equipment manufacturing and coal industries. Photo: AFP
Senior National Bureau of Statistics (NBS) statistician Zhu Hong attributed the improvement in May to the profit recovery of major equipment manufacturing and coal industries. Photo: AFP
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