Costs hit corporate profit growth in May
But refining sector, vehicles among bright spots of economy
Profit growth at major Chinese industrial companies decelerated in May because of sluggish business, higher inventories and rapidly increasing costs, said analysts.
The year-on-year growth rate of 9.8 percent for the first five months was down slightly from the 10 percent pace for the first four months, the National Bureau of Statistics said on Friday.
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