China’s May industrial profits slump again despite easing COVID curbs
BEIJING, June 27 (Reuters) – Profits at China’s industrial firms contracted at a slower pace in May after falling sharply in April, as activity resumed in major manufacturing hubs but restrictions on COVID-19 still weighed on factory output and squeezed factory margins. Profits fell 6.5% from a year earlier, less than the 8.5% drop in …
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