In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua
In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua

China’s industrial giants rebound for third successive month in July as coronavirus recovery continued

  • Industrial firms saw a year on year increase of 19.6 per cent in July, accelerating from an increase of 11.5 per cent in June, the fastest pace since June 2018
  • In the first seven months of the year, however, profits fell by 8.1 per cent, with May, June and July representing the only months of growth in 2020

Topic |   China economy
In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua
In July, profits of industrial firms saw a year on year increase of 19.6 per cent, from an increase of 11.5 per cent in June, data from the National Bureau of Statistics (NBS) showed on Thursday. Photo: Xinhua
READ FULL ARTICLE