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China's industrial profits improve in May in fresh sign of steady recovery

Profits at Chinas industrial firms of above designated size improved significantly in May from April despite a year-on-year drop, official data showed on Monday, adding to growing signs of steady recovery in the worlds second-largest economy, as recent COVID-19 outbreaks ease and the supply chaos and disrupted factory activities have been largely addressed.
Zhu Hong Zhou Maohua Wu Chaoming National Bureau Of Statistics Everbright Bank Deqing Green Building Industrial Park

China focuses on smooth logistics to limit COVID-induced hit on economy

A senior Chinese official said that China should issue a sufficient number of national unified travel passes and not restrict transportation under the excuse of waiting for nucleic test results, as officials beefed up efforts to minimize the negative impact of coronavirus controls on the economy.
Zhang Xiang Wang Chikun Wu Chaoming Information Technology Research Center Ministry Of Industry

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