In May, the Profit Growth Rate of 8 Industries in China Exceeded 100%
Data released by China's National Bureau of Statistics showed that from January to May, profits of industrial enterprises above the size of the whole country grew 83.4% year-on-year, up 48.0% over the same period in 2019, with a two-year average growth of 21.7%. From the month of May, nearly 70% of industry profits grew year-on-year, and eight industries saw profit growth of more than 100%. Among them, raw materials manufacturing, pharmaceuticals and other consumer goods manufacturing industry profit growth rate is bright, raw materials manufacturing profits rose 1.11 times year-on-year. Consumer goods manufacturing industry profits rose 30.6% year-on-year, pharmaceutical manufacturing profits rose 85.7% year-on-year.
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