China June industrial profits +0.8% yr/yr – statistics bureau
© Reuters. FILE PHOTO: Birds fly over a closed steel factory where chimneys of another working factory are seen in background, in Tangshan, Hebei province, China, February 27, 2016. REUTERS/Kim Kyung-Hoon/File Photo/File Photo
BEIJING (Reuters) – Profits at China’s industrial firms rose 0.8% in June from a year earlier, compared to the 6.5% slump logged in May, the National Bureau of Statistics said on Wednesday.
Industrial profits grew 1% in January-June compared with a 1.0% gain in the first five months.
The data covers firms with annual revenues above 20 million yuan ($2.96 million) from their main operations.
($1 = 6.7485 Chinese yuan)
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