FILE PHOTO: Employees work on a production line inside a Dongfeng Honda factory after lockdown measures in Wuhan, the capital of Hubei province and China's epicentre of the novel coronavirus disease (COVID-19) outbreak, were further eased, April 8, 2020. REUTERS/Aly Song/File Photo
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 its industrial firms in May rose 6% year-on-year (y-o-y) to 582.3 billion yuan (US$82.28bil) in a statement yesterday.
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