China’s industrial giants saw profits tumble in first half of…

China’s industrial giants saw their monthly profits grow for a second successive month in June, but remained in the red over the half of the year, due to the impact of the coronavirus.Last month, profits of industrial firms saw a year-on-year increase of 11.5 per cent, from an increase of 6.0 per cent in May, new data from the National Bureau of Statistics (NBS) showed on Monday.In the first six months of the year, however, profits fell by 12.8 per cent, with May and June representing the only…

Source link