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 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

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
READ FULL ARTICLE