China's industrial profits growth slows in April


FILE PHOTO: An employee monitors molten iron being poured into a container at a steel plant in Hefei, Anhui province

BEIJING: Earnings at China's industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing.

Profits at China's industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, data from the National Bureau of Statistics (NBS) showed on Thursday.

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