The slide extended a 20.6% profit fall in the January-April period, according to data from the National Bureau of Statistics , and reinforces market expectations of further policy support over coming months.
In May alone, industrial earnings contracted by 12.6% from a year earlier, according to the NBS, which only occasionally publishes monthly figures. Profits were down 18.2% in April.in May on many fronts including retail sales, exports and property investment as youth jobless rate scaled a fresh high of 20.8%.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: