Home / World News / China industrial profits rise 11.5% in June, signal economic recovery

China industrial profits rise 11.5% in June, signal economic recovery

After a record slump early in the year, China's economy rebounded more than expected in the second quarter

China PMI, China manufacturing, China factory

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May marked the sector's first monthly growth in earnings since November, before the onset of the coronavirus pandemic.

3 min read Last Updated : Jul 27 2020 | 10:50 AM IST

Profits at China's industrial firms rose for a second straight month and at the fastest pace in over a year, adding to signs the country's economic recovery from the coronavirus crisis is gaining momentum.

The statistics bureau said on Monday that profits at China's industrial firms rose 11.5% year-on-year in June to 666.55 billion yuan ($95.27 billion) - marking the quickest profit growth since March 2019.

May marked the sector's first monthly growth in earnings since November, before the onset of the coronavirus pandemic.

For January-June, industrial firms' profits fell 12.8% year-on-year to 2.51 trillion yuan, but easing from a 19.3% dive in

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