BUSINESS China's industrial profits shrink in H1


China's industrial profits shrink in H1


09:52, July 27, 2019

BEIJING, July 27 (Xinhua) -- Profits of China's major industrial firms fell 2.4 percent year on year in the first half of 2019, data from the National Bureau of Statistics showed Saturday.

VCG111222988548.jpgWorkers are busy in a production line in a factory in Suqian, Jiangsu Province, on May 18, 2019. (Photo: VCG)

Combined profits of industrial firms with annual revenue of more than 20 million yuan (about 2.9 million U.S. dollars) amounted to 2.98 trillion yuan in the first six months. 

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