Asian Economic News

China's Industrial Profits Decline For Second Month

Chinese industrial companies' profits decreased for a second month in May due to weak domestic and foreign demand, the National Bureau of Statistics reported Friday.

Profits were down 5.3 percent in May from a year ago, following a 0.2 percent drop in April.

During the first five months of the year, industrial profits logged an annual fall of 2.4 percent. Revenues advanced 11.9 percent, the report said.

by RTTNews Staff Writer

For comments and feedback: editorial@rttnews.com

More Asian Economic News