China's industrial profits drop 36.7% in Q1

Profits of China's major industrial firms dropped 36.7 percent year on year in first three months of 2020 amid the COVID-19 pandemic, data from the National Bureau of Statistics (NBS) showed Monday.According to the data, the profits of China's major industrial firms declined to 781.45 billion yuan (110.43 billion U.S. dollars) in the first quarter.

(ASIA PACIFIC DAILY)