Via China Daily

Workers assemble an industrial turbine at a factory in the Haizhou Economic Development Zone in Lianyungang, Jiangsu province, in May. [Photo by Geng Yuhe/For China Daily]

BEIJING — Profits of China’s major industrial firms dropped 19.3 percent year-on-year in the first five months of 2020 due to the COVID-19 impact, data from the National Bureau of Statistics showed Sunday.

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