Industrial profits in China increased modestly in May at a slower than expected pace from a month ago. According to data from the National Bureau of Statistics released on Monday, China's industrial profits grew at a pace of 3.70% from a year ago, to an aggregated 537.2 billion CNY. This was below April's increase of 4.20%. State owned firms saw industrial profits falling -7.30% but private firms offset the decline for the headline figure, with profits rising 9.40% from January through May.
UK's Credit Rating Downgraded
Daily Analysis - 28/06/2016