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
- DETAILS MATTER - we bring you details that you won't find elsewhere
- THE WIRE - up-to-the-minute updates of market-moving news and views
- DAILY BRIEF - daily newsletter to give you a quick overview of the most important business news every day.
LIMITED-TIME OFFER - 50% OFF
We highly value independence. We are solely funded by subscriptions from intelligent readers like you.
Already have an account? Sign In