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 . . .
To continue reading, please subscribe. You will get
- IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
- THE WIRE - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
- DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare.
Grab the Special Offer ! Get Yuan Talks full service at $0.6 a day!
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In