China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua
China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua
China economy
Economy /  China Economy

China’s industrial giants saw profits tumble in first half of 2020, but recovery continued in June

  • Industrial profits at China’s biggest firms fell by 12.8 per cent year on year in the first six months of 2020, following the coronavirus shutdown
  • But monthly growth returned in May and June from a year earlier, amid signs that the economy is getting back up to speed

Topic |   China economy
Finbarr BerminghamOrange Wang
Finbarr Bermingham and Orange Wang

Updated: 10:54pm, 27 Jul, 2020

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China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua
China’s big industrial firms saw profits start to recover over May and June, but remained in the red for the first six months of 2020. Photo: Xinhua
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