China's industrial profit decline narrows in May
Xinhua |
Updated: 2023-06-28 10:25
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BEIJING - China's major industrial firms reported a smaller profit decline in May, official data showed Wednesday.
Industrial firms with annual main business revenue of at least 20 million yuan ($2.77 million) saw their combined profits stand at 635.81 billion yuan last month, down 12.6 percent from a year ago, narrowing from the 18.2-percent drop in April.
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