China’s May industrial profits rose 3.7 percent from last year. The statistics bureau on Monday said profits in May jumped to 537.2 billion yuan ($81.21 billion), while mining sector’s profits dropped 93.8 percent from a year earlier.
Profits increased by 6.4 percent in this year’s first five months compared with the same period a year ago, the National Bureau of Statistics said on its website.
Industrial profits rose 6.5 percent in January-April from a year earlier, with April up 4.2 percent.
The material has been provided by InstaForex Company – www.instaforex.com