China’s industrial profits soar over 83% in five months of 2021 ...News

Russia Today - Economy
China’s industrial profits soar over 83% in five months of 2021
source : Russia Today ( News ) () 15
The profits of China’s major industrial firms grew 83.4% year-on-year in the period between January and May to about 3.4 trillion yuan ($527 billion), data from the National Bureau of Statistics (NBS) showed on Sunday. The growth came on the back of recovery in demand. Compared with the first five months of 2019, the figure represented a rise of 48%.  Statistics show that, in May alone, the profits of major industrial firms grew 36.4% in annual terms to 829.9 billion yuan ($11.4 billion). The pharmaceutical manufacturing industry saw profits skyrocket by 85.7% year-on-year in May, an increase of 23.6 percentage points from April. A sen

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