China's industrial profits down 19.3 pct in first five months

29.06.2020

Profits of China's major industrial firms dropped 19.3 percent year on year in the first five months of 2020 due to the COVID-19 impact, official data showed Sunday.

Profits of industrial companies with annual revenue of more than 20 million yuan (about 2.8 million U.S. dollars) totaled 1.84 trillion yuan during...