China's industrial profits totaled over 2.75 trillion yuan (about $378.95 billion) in the first five months of 2024, reflecting a 3.4% year-on-year increase. This growth is attributed to higher commodity prices and targeted pro-growth policies, according to data from the National Bureau of Statistics. However, the growth rate slowed sharply in May, raising concerns about the sustainability of these gains due to potential excess capacity in some sectors.
CHINA ECONOMY FACES WEAK EXPECTATIONS, OTHER CHALLENGES
China's industrial profits growth slows sharply in May - Reuters https://t.co/IDjqcYQMVA
China’s industrial profits up to CNY 2.75 trillion from January to May, an increase of 3.4% YoY, citing #Wind. #investing #economy #investingtips #MarketTrends
China’s industrial companies saw their profits climb as higher prices for commodities eased pressure on miners, though questions remain over whether the gains can be sustained due to concern over excess capacity in some sectors. https://t.co/5OO7r67IRf
China's Industrial Profit Growth Slows in First Five Months https://t.co/g0Kzt3fwtN
China's industrial profits growth slows sharply in May https://t.co/TBvT1Ym8ny https://t.co/RzyhJzuSqU
China’s Manufacturing Boom Loses Steam. That Will Hobble Economic Growth Even More. https://t.co/2S2QKTsIEK
Profits of #China's industrial firms above the designated size increased 3.4% between January and May from a year earlier, reflecting that industrial profits have continued to recover with the support of a range of targeted pro-growth policies, official data showed on Thursday.… https://t.co/xwJtzIS5eL
China's industrial #profits totaled over 2.75 trillion yuan (about $378.95 billion) in the first five months of 2024, up 3.4% YoY, data from the National Bureau of Statistics showed Thursday. https://t.co/t7t7azIZ9X
#China’s industrial profits rise along with commodity prices https://t.co/0zWqbMCGVG