Punch Editorial Board Published 27 June 2021PLAGUED by years of interminable Islamist terrorism, banditry and other unbridled security challenges, Nigeria’s ability to feed its mammoth population is becoming highly questionable. Already, millions of Nigerians are unable to feed like they used to do. With insecurity deteriorating to an extraordinary level, there is a real threat of hunger looming large over Africa’s most populous country. Nigeria.
BEIJING, June 27 Profit growth at China’s industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity. Profits at China’s industrial firms rose 36.4 per cent in May from a year earlier to 829.92 billion yuan (RM534.23 billion).
UPDATE 1-China s industrial profit growth slows amid high raw material prices Reuters 1 hr ago
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BEIJING, June 27 (Reuters) - Profit growth at China s industrial firms slowed again in May as surging raw material prices squeezed margins and weighed on factory activity.
Profits at China s industrial firms rose 36.4% in May from a year earlier to 829.92 billion yuan ($128.58 billion) official data showed on Sunday.
That was a slowdown from the 57% surge reported in April, according to National Bureau of Statistics.
The world s second-largest economy has largely recovered from disruptions caused by COVID-19, but it faces new challenges such as elevated raw material costs and global supply chain crunches. Officials warn that China s recovery remains uneven.
China industrial profits rise 36.4% y/y in May, weaker than April Reuters 1 hr ago
BEIJING, June 27 (Reuters) - Profits at China s industrial firms rose 36.4% in May from a year earlier to 829.92 billion yuan ($128.58 billion) official data showed on Sunday.
That was a slowdown from the 57% surge reported in April, according to National Bureau of Statistics.
The industrial profit data covers large firms with annual revenue of over 20 million yuan from their main operations.
For the January-May period, industrial firms profits grew 83.4% from the same period a year earlier to 3.42 trillion yuan ($1 = 6.4545 Chinese yuan renminbi) (Reporting by Gabriel Crossley; Editing by Kim Coghill and William Mallard)