Business activity in China is clearly improving after tough coronavirus containment measures that led to weeks of near-paralysis in the world's second-largest economy.
SHANGHAI: Profits at China's industrial firms rose for the first time in sixth months in May, suggesting the country's economic recovery is gaining traction and brightening the outlook for manufacturing investment and jobs.
China's national bureau of statistics said profits at China's industrial firms in May rose 6% year-on-year to 582.3 billion yuan ($82.28 billion), according to a statement on Sunday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
