According to China National Bureau of Statistics during the January to May period of the current year, the aggregate gross profit of large and medium sized Chinese industrial enterprises amounted to CNY 1.8434 trillion down by 2.4%YoY.

In May alone, the enterprises in question achieved a total gross profit of CNY 390.9 billion declining by 5.3%YoY.

In the January to May period, 26 of the 41 main industrial sectors in China witnessed an increase in gross profit, while 13 sectors saw a decrease in profit, among which the domestic steel sector recorded a 56.9% decline YoY in gross profit.

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