China's industrial profits for major firms increased by 3.4% year-on-year between January and May 2024, reaching 2.75 trillion yuan ($379 billion). This growth reflects the continued recovery of industrial profits amid supportive macro-policies. However, profits of state-owned enterprises fell by 2.4% to 943.8 billion yuan ($130 billion). The National Bureau of Statistics released this data on Thursday. For May alone, industrial profits grew by 0.7% year-on-year compared to the previous 4%.
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
Profits of #China's major industrial firms increased 3.4% year-on-year between January and May this year to reach 2.75 trillion yuan ($379 billion), reflecting the continued recovery of industrial profits amid macro-policies, official data showed on Thursday. https://t.co/lweDkNAHss
Profits of China's major industrial firms rose 3.4% to CNY2.75 trillion (USD380 billion) in the first five months from a year ago, the NBS said today. Among them, profits of state-owned enterprises fell 2.4% to CNY943.8 billion (USD130 billion). https://t.co/3NI0RuXm4u
CHINA (MAY) INDUSTRIAL PROFITS YOY ACTUAL: 0.7% VS 4% PREVIOUS
CHINA (MAY) INDUSTRIAL PROFITS YTD YOY ACTUAL: 3.4% VS 4.3% PREVIOUS
🇨🇳 Industrial Profits (YTD) YoY (May) Actual: 3.4% Previous: 4.3% https://t.co/rdT5wcEQGv