China’s industrial profits grow at slower pace as costs rise

The steady recovery of market demand and continuous improvement of industrial companies’ operation have contributed to the sustained growth in profits.

CHINA'S industrial profit growth slowed in May as base effects from last year eased and businesses faced rising costs.

Industrial profits rose 36.4% in May from a year earlier, the National Bureau of Statistics said Sunday, compared with a 57% increase in the previous month. In the first five months of the year, profits climbed 83.4% from a year earlier.