China industrial profits slump in April as Covid-19 curbs squeeze firms

May 27, 2022 11:33 AM

BEIJING (REUTERS) – Profits at China’s industrial firms fell at their fastest pace in two years in April as high raw material prices and supply chain chaos caused by covid-19 curbs squeezed margins and disrupted factory activity.

Source : https://www.straitstimes.com/business/economy/china-industrial-profits-slump-in-april-as-covid-19-curbs-squeeze-firms