Industry enjoys profitable month
By Chen Jia in Beijing, Wu Yiyao and Yu Ran in Shanghai | China Daily | Updated: 2013-06-28 08:05
Industrial enterprises registered a strong profit growth last month, offering an uptick for the world's second-largest economy, which has been experiencing a slowdown.
Industrial profit growth rebounded to a three-month high in May, due to lower raw material prices and faster expansion of domestic market demand, the National Bureau of Statistics said on Thursday.
Net income of industrial enterprises in May increased by 15.5 percent from a year earlier to 470.5 billion yuan ($76 billion). It had increased 9.3 percent in April and 5.3 percent in March, according to the NBS.
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