BEIJING: China’s major industrial firms reported a smaller profit decline in July, official data showed Sunday. Industrial firms with annual main business revenue of at least 20 million yuan (about 2.78 million U.S. dollars) saw their combined profits in July down 6.7 percent from a year ago, narrowing from the 8.3-percent drop in June.
China’s industrial profit decline narrows in July
BEIJING: China’s major industrial firms reported a smaller profit decline in July, official data showed Sunday. Industrial firms with annual main business revenue of at least 20 million yuan (about 2.78 million U.S. dollars) saw their combined profits in July down 6.7 percent from a year ago, narrowing from the 8.3-percent drop in June.
