China's industrial profits rose 3.4% YoY in the first five months of 2021, with equipment manufacturing up 11.5%, but commodity producers faced a decline.

China's industrial profits rose by 3.4% year-on-year in the first five months of 2021, as per the National Bureau of Statistics, marking a slight decrease from the 4.3% increase in the first four months. Equipment manufacturing experienced a significant increase with profits rising 11.5% YoY, contributing 3.6ppts to overall growth.

June 27, 2024
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