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China Industrial Profits Plunge In May

Por: RTTNews Business June 28, 2023

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China's industrial profits declined sharply in May amid weak demand and falling producer prices, official data revealed on Wednesday.Profits at industrial firms posted an annual decrease of 18.8 percent in January to May period, the National Bureau of Statistics said. However, this was slower than the 20.6 percent decline logged in January to April. In the month of May, profits were down 12.6 percent from the last year. This followed an... + full article



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