China's industrial profits up 16.5pc in January-May

Published: June 27, 2018 12:58:43 | Updated: June 29, 2018 14:19:50

Representational image (Collected)

The industrial profits of China grew 16.5 per cent in the first five months of 2018, quickening from the 15-per cent expansion for the January-April period, official data showed Wednesday.

In May alone, combined profits at industrial companies each with annual revenue of more than $3.0 million US dollars, went up 21.1 per cent year on year, according to the National Bureau of Statistics, reports Xinhua.

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