China's industrial profits fall at slower clip in May as recovery proceeds
2022-06-28 10:07:36 source：CGTN
June 27, 2022
China's industrial firms saw profits decline at a slower pace in May, as logistics and supply chains gradually improved amid recovery.
The country's industrial profits fell 6.5 percent year on year last month, retreating 2 percentage points from April, data from the National Bureau of Statistics (NBS) showed on Monday.
In the first five months of 2022, the industrial firms saw their profits increase by 1 percent year on year to 3.44 trillion yuan ($514 billion), according to NBS.
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