Economic news

China Industrial Profit Rises 3.5% y/y in January-April

BEIJING, May 27 (Reuters) - Profit at China's industrial firms rose 3.5% in January-April verses the same period a year earlier, slower than the 8.5% on-year growth logged for January-March, the National Bureau of Statistics said on Friday.

Industrial profit dropped 8.5% in April, the data showed.

The data covered firms with annual revenue above 20 million yuan ($3.1 million) from main operations.

Reporting by Ellen Zhang and Ryan Woo; Editing by Sam Holmes and Christopher Cushing

Source: Reuters


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