Industrial profits from January to May improved slightly from the first four months of 2020 as China’s economy shows signs of a slow recovery from the coronavirus outbreak. Photo: Reuters
Industrial profits from January to May improved slightly from the first four months of 2020 as China’s economy shows signs of a slow recovery from the coronavirus outbreak. Photo: Reuters

China’s industrial firms’ profits increased in May, first time since coronavirus outbreak

  • China’s industrial firms’ profits in May increased 6 per cent year on year after a four-month slump
  • Further observation is needed to see if profit recovery could continue, according to the National Bureau of Statistics

Industrial profits from January to May improved slightly from the first four months of 2020 as China’s economy shows signs of a slow recovery from the coronavirus outbreak. Photo: Reuters
Industrial profits from January to May improved slightly from the first four months of 2020 as China’s economy shows signs of a slow recovery from the coronavirus outbreak. Photo: Reuters
READ FULL ARTICLE