CHINA-INDUSTRIAL PROFITS (CN)

CHINA-INDUSTRIAL PROFITS (CN)

(220627) -- JINAN, June 27, 2022 (Xinhua) -- A worker works on an assembly line at a farm machinery manufacturing company in east China's Shandong Province, Feb. 15, 2022. Profits of China's major industrial companies saw a narrower decline in May as factories in the world's second-largest economy restarted production lines as business sentiments improved, official data showed Monday. Major industrial firms, each with business revenue of at least 20 million yuan (about 2.99 million U.S. dollars), saw their profits decline 6.5 percent year on year in May, narrowing from the 8.5-percent contraction in April, data from the National Bureau of Statistics (NBS) showed. During the first five months, major industrial firms made about 3.44 trillion yuan in total profits, rising 1 percent from a year ago, NBS data showed. (Xinhua/Guo Xulei)

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