NBS: China industrial firms' Jan-May profits jump 19% YoY

Sizable Chinese industrial enterprises saw their total profits amounted to Yuan 3.14 trillion ($462.5 billion) over January-May this year, jumping by a huge 18.8% on-year from the first five months last year, according to the latest release from China's National Bureau of Statistics (NBS) on June 27.

Profitability among the sizeable Chinese industrial firms – defined as those whose main business revenue annually surpasses the threshold of Yuan 20 million – maintained robust momentum throughout this year thanks to steady growth in revenue, Yu Weining, the Bureau's chief statistician, commented in another NBS release. This stemmed