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China's industrial profit growth slows further in May

Xinhua, June 27, 2016 Adjust font size:

Profits of China's major industrial firms rose 3.7 percent year on year in May, 0.5 percentage points lower than that recorded in April, official data showed on Monday.

Profits of industrial companies with annual revenues of more than 20 million yuan (about 3.1 million U.S. dollars) totaled 537 billion yuan last month, the National Bureau of Statistics said. Endit