BEIJING (Reuters) – Profits at China’s industrial firms rose 0.8% in June from a year earlier, compared to the 6.5% slump logged in May, the National Bureau of Statistics said on Wednesday.
Industrial profits grew 1% in January-June compared with a 1.0% gain in the first five months.
The data covers firms with annual revenues above 20 million yuan ($2.96 million) from their main operations.
($1 = 6.7485 Chinese yuan)
(Reporting by Beijing Newsroom; Editing by Muralikumar Anantharaman)
