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
Topic |   China economy

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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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Presidents Donald Trump and Xi Jinping are to meet this week in Osaka. Photo: AP

Trade war: US and China agree to tentative truce before G20 summit

  • Fresh tariffs expected to be delayed, with two sides preparing separate statements
  • Source says Donald Trump’s decision to delay additional tariffs was Xi Jinping’s price for holding this week’s meeting with him
Topic |   G20

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Presidents Donald Trump and Xi Jinping are to meet this week in Osaka. Photo: AP
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