FILE PHOTO: A Chinese flag is pictured at Lujiazui financial district in Pudong, Shanghai, China May 22, 2020. REUTERS/Aly Song
June 29, 2020
BEIJING (Reuters) – Profits at China’s state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion).
($1 = 7.0794 yuan)
(Reporting by Huizhong Wu; Editing by Tom Hogue)
