Employees work on an engine assembly line at an engine manufacturing factory in Qingzhou, in China's eastern Shandong province on April 16, 2024. (Photo by AFP)
BEIJING: China's industrial profits rose at a much slower pace in May, official data showed on Thursday, underlining the struggles faced by the world's second-largest economy as weak domestic demand crimps overall growth.
Earnings rose 0.7% year-on-year last month after a 4% increase in April while gains over the first five months also eased to 3.4% from 4.3% in the January-April period, according to National Bureau of Statistics (NBS) data.
