Chinese Industry Recovers After The Outbreak

Chinese Industry Recovers After The Outbreak. In the country where the virus first appeared, industry profits began to recover for the first time since November. In China, where the coronavirus epidemic was observed for the first time, industrial sector profits increased for the first time since November. This situation indicated that the economy affected by the epidemic was recovering again. According to the data released by the National Statistics Office on Sunday, industrial sector profits increased by 6 percent on a monthly basis. Industrial production fell 4.3 percent in April. According to the statement made by the bureau, profits decreased by 19.3 percent in the first five months of this year. This contraction was 39.3 percent in state-owned enterprises and 11 percent in private sector organizations. In another statement, this improvement was observed in May due to the increase in profits in the treatment, chemical and steel sectors.