China industrial profits declined at a slower pace in May as companies resumed production after the easing of pandemic related restrictions. Industrial profits decreased 6.5 percent on a yearly basis, following Aprils 8.5 percent decline, the National Bureau of Statistics reported. During January to May, industrial firms registered an increase of 1.0 percent in profits. Nonetheless, this was slower than the 3.5 percent growth posted in the January to April period. Powered by Commodity Insights
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