China’s May industrial profits rise 21.1%, slowing from April

Macro

โดย Investing.com·Read original

Summary · why it matters

China’s industrial profits rose 21.1% year over year in May, easing from April’s 24.7% increase, as strong exports offset weak domestic demand. For the first five months of the year, profits increased 18.8%, slightly faster than the 18.2% growth in the January-April period. Manufacturers of computers, communications equipment and electronic products saw profits jump 103.9% in the January-May period, while auto manufacturers’ profits fell 19.8% despite strong vehicle exports. Analysts expect Beijing to introduce additional targeted measures to support corporate profitability.