China industrial profits data for May fall again – NBS cites hit from insufficient demand | Forexlive

Chinese Industrial Profit for May comes in at -12.6% y/y

• prior -18.2%

For the YTD January – MaY period Industrial Profits are -18.8% y/y

• prior -20.6%

China’s National Bureau of Statistics (NBS) says profits took a hit from insufficient demand but are improving (ie not as bad as April).