China's Industrial Profits Rise 18.8% in First Five Months on Higher Prices, Emerging Sector Growth
By
Zhu Yanran
2h ago· 2 min readenNews
Summary
China's industrial profits surged 18.8% year-on-year in the first five months of the year, reaching CNY3.14 trillion (USD462.4 billion), according to the National Bureau of Statistics. The growth was driven by higher industrial prices and strong performance in emerging industries. The pace was 0.6 percentage points faster than the January-April period.
Source
bskyChina's Industrial Profits Rise 18.8% in First Five Months on Higher Prices, Emerging Sector Growthyicaiglobal.comKey quotes
· 2 pulledChina's industrial profits rose sharply in the first five months, soaring 18.8 percent from a year earlier, supported by higher industrial prices and strong growth in emerging industries.
Profits at industrial enterprises above a designated size, which refers to those with an annual revenue of at least CNY20 million (USD2.94 million), jumped 18.8 percent in the period January to May to reach CNY3.14 trillion (USD462.4 billion).
(Yicai) June 29 -- China’s industrial profits rose sharply in the first five months, soaring 18.8 percent from a year earlier, supported by higher industrial prices and strong growth in emerging industries.
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