CHINA (Reuters) – The industrial profit growth of large enterprises in May continued a good momentum with a year on year growth of 16.7 percent, China’s National Bureau of Statistics (NBS) announced on Tuesday. The total industrial profits of large enterprises in May reached about 626 billion Yuan (around 95 billion US dollars), increasing 16.7 percent year on year. The growth rate is 2.7 percentage points higher than in April. The equipment manufacturing industry accounted […]