Profits at China's industrial firms in June rose 11.5% year-on-year to 666.55 billion yuan ($95.27 billion), the statistics bureau said on Monday, adding to signs the country's economic recovery is gaining momentum.
FILE PHOTO: A worker welds a bicycle steel rim at a factory manufacturing sports equipment in Hangzhou, Zhejiang province, China September 2, 2019. China Daily via REUTERS/File Photo
The rebound followed a 6.0% gain in May, which marked the sector’s first monthly profit growth since November before the onset of the coronavirus crisis.
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