China’s industrial profit growth slows amid high raw material prices

Beijing: Profit growth at China’s industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity. Profits at China’s industrial firms rose 36.4% in May from a year earlier to 829.92 billion yuan ($128.58 billion) official data showed on Sunday. That was a slowdown from the 57% surge reported […]