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

<p>Chinese Industrial Profit for May comes in at -12.6% y/y</p><ul><li>prior -18.2%</li></ul><p>For the YTD January – MaY period Industrial Profits are -18.8% y/y</p><ul><li>prior -20.6%</li></ul><p>China's National Bureau of Statistics (NBS) says profits took a hit from insufficient demand but are improving (ie not as bad as April). </p>

This article was written by Eamonn Sheridan at www.forexlive.com.