China's Industrial Profit Growth Slows In June


China's industrial profit growth eased in June, data from the National Bureau of Statistics showed Friday.

Industrial profits surged 20.0 percent year-over-year in May, slower than the 21.1 percent increase in April.

During the first half of this year, industrial profits advanced 17.2 percent annually compared with a 16.5 percent rise in the first five months.

Earnings at state-owned firms jumped 31.5 percent and private firm's profits climbed by 10.0 percent in the January to June period.