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China s industrial firms report steady growth of profits in May: NBS

Industrial profit growth slows in May, but recovery remains solid: NBS By Zhang Dan Published: Jun 27, 2021 01:36 PM A steel manufacturing firm in Taizhou, East China s Jiangsu Province, is busy making supporting equipment for overseas mining on Thursday. Domestic and international demand continues to pick up, and opportunities brought by carbon neutrality and new infrastructure have led to a rapid rise in industrial investment. Photo: cnsphoto As China s industrial firms reported slower growth of profits in May amid rising raw material prices, but recovery momentum remains solid given industrial sector s strong resilience against rising risk of US inflationary pressure, according to official data and analysts on Sunday.

China s CPI keeps flat in May, but PPI surges 9%

The consumer price index (CPI) in China rose 1.3 percent year-on-year in May, while factory gate prices or PPI surged 9 percent, the fastest annual pace in over 12 years, according to official data released on Wednesday. Bets on a global economic recovery and easing US monetary policy have pushed up international bulk commodity prices, experts said.

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