China industrial profits rise 57% y/y in April, slowing amid high commodity prices
3 Min Read BEIJING (Reuters) -Earnings at China’s industrial firms grew at a slower pace in April, with high commodity prices and weaker performance in the consumer goods sector limiting overall profitability from manufacturing. FILE PHOTO: Workers wearing face masks following the coronavirus disease (COVID-19) outbreak load steel products for export to a cargo ship at a port in Lianyungang, Jiangsu province, China May 27, 2020. China Daily via REUTERS Profits at China’s industrial firms rose 57% year-on-year in April to 768.63 billion yuan ($120.22 billion), down from 92.3% in March, da...