China

[China] - China industrial revenues sink 9% in May on 'weak need', US trade disagreement

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China’s industrial profits fell by more than 9 per cent in May over the same month of 2024, according to data released on Friday, reflecting what analysts said was weak domestic demand for minerals and motor vehicles, coupled with ramifications of the US-China tariff dispute.The National Bureau of Statistics said profits for industrial companies making more than 20 million yuan a year in revenue dropped in May by 9.1 per cent, year on year.Industrial profits fell 9.7 per cent in May over...




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Category: China