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China’s industrial profits return to growth for first time since November 2019

Last updated on July 1, 2020

The profits of Chinese industrial enterprises returned to growth in May for the first time since November 2019, in a further sign that the world's second largest economy is continuing to recover from coronavirus lockdowns.

Industrial profits increased 6 per cent to 582.34 billion yuan ($82 billion) in May from a year earlier, according to data from the National Bureau of Statistics on Sunday, marking a sharp improvement from a drop of 4.3 per . . .

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