Industrial profit growth back in positive territory

The profit growth of China's industrial companies returned to positive territory in May as sales quickened, with the private sector and high-tech manufacturers registering notable improvements, the National Bureau of Statistics said on Thursday.

To cement the improving momentum of the economy, policymakers should strengthen countercyclical measures and keep pushing economic restructuring forward, analysts said.

Major industrial companies saw their total profits grow by 1.1 percent year-on-year in May, reversing a slide of 3.7 percent in April, the NBS said.