RTTNews | Jul 27, 2021 02:59AM EDT

02:58 Tuesday, July 27, 2021 (RTTNews.com) - China's industrial profits growth moderated in June, data from the National Bureau of Statistics revealed on Tuesday.

Industrial profits increased notably by 20 percent on a yearly basis in June, but this was slower than the 36.4 percent growth posted in May.

The statistical office said high commodity prices continue to squeeze the profitability of companies.

In the first half of 2021, industrial profits logged an annual growth of 66.9 percent, data showed. Compared to January to June 2019, profits of industrial firms advanced 45.5 percent.

Read the original article on RTTNews ( https://www.rttnews.com/3212092/china-s-industrial-profits-growth-moderates-in-june.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved