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
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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
