China Industrial Profits Hold Up as Factory Inflation Rebounds
Industrial profits advanced 21.1 percent in May on inflation
Big firms see robust performance while smaller firms need help
Profit growth at Chinese industrial companies held up, as factory inflation rebounded.
Industrial profits advanced 21.1 percent in May from a year earlier, versus a 21.9 percent increase in April. Total profits for the month were 607.1 billion yuan ($92.2 billion), the National Bureau of Statistics said Wednesday.