Industrial Production in China Rises for the First Time Since November
Industrial production in China rose in May for the first time since November. It pointed out that the economy was recovering from the closings that came out of his ship due to the coronavirus Covid-19 outbreak.
According to figures shared by the National Statistical Evaluation Agency on Sunday, industrial production rose 6 percent month-on-month. Industrial production fell 4.3 percent in April.
According to the assessment, profits declined 39.3 percent in state-owned enterprises and 11 percent in private sector organizations.
In another statement, it was stated that this recovery in May stemmed from the increase in profits in the treatment, chemical and steel sectors.