Profits of China’s major industrial firms up 18.8 pct in first five months
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Profits of China’s major industrial firms increased 18.8 percent year on year during the January-May period, surpassing a rise of 18.2 percent in the first four months, data from the National Bureau of Statistics (NBS) showed Saturday.
Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.93 million U.S. dollars) saw their combined profits reach 3.14 trillion yuan in the five months, according to the NBS.
In May alone, profits of major industrial firms rose 21.1 percent compared to a year earlier, the NBS data showed.
Reference Link:- https://english.news.cn/20260627/fe866efa920148ceb515b3988cd8a7f0/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
