Employees work on a truck assembly line at a factory for the vehicle manufacturing company Jianghuai Automobile Group Corp. (JAC) in Qingzhou in eastern China's Shandong province on March 15, 2021. (Photo by STR/ AFP)/ China OUT
BEIJING: Profits of China’s industrial firms rebounded in June, pointing to a steady recovery of economic activity amid a gradual resumption of work and production across the nation.
China’s industrial profits rose 0.8% year-on-year in June, after shrinking 6.5% in May, reversing a two-month fall caused by disruption from Covid-19 outbreaks, said the National Bureau of Statistics.
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