China state firms’ profits fall 52.7% year-on-year in Jan-May: finance ministry By Reuters

China says only small number of firms moving supply chains out of the country

BEIJING (Reuters) – Profits at China’s state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion).
($1 = 7.0794 yuan)
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