China Financial Daily

Decline in the first half of industrial profits continued to shrink in
National Bureau of Statistics data released yesterday showed that 22 areas of the first half of the country realized a total profit of 894.14 billion yuan of industrial, fell 21.2 percent year-on-year decline in May over the previous 3.4 percent decrease, 11 percentage points to narrow the first quarter.

According to statistics, in 39 major categories of industrial sectors, 27 industry profits rise or fall to reduce the increase, accounting for nearly 7 into. Among them, non-ferrous metal smelting and rolling processing industry, electricity industry and other industries growth, decline significantly narrowed, or in May over the previous increase in profits, such as oil processing and coking industry profit 41.14 billion yuan, an increase of 193.3%. However, as the steel industry the same period last year profit was down 85.0 percent.

Statistics also show that 22 industrial realization of 17.9719 trillion yuan main business income, from -5 months in January fell 0.3 percent to 0.4 percent growth, but also for the first six months of positive growth.

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