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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
ses are in a race to upgrade or move.
Photographer: Qilai Shen/Bloomberg
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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.