China Jan-April industrial profits down 1.6 pct yr/yr

Newswire

BEIJING, May 27 (Reuters) - The combined profits of industrial companies across China fell 1.6 percent in the first four months of 2012 from a year earlier to 1.45 trillion yuan ($228.6 billion), the National Bureau of Statistics said on Sunday. The decline follows a 1.3 percent drop in the first three months, in line with slowing economic growth. China growth is facing downward pressure as exports slow and domestic demand struggles to pick up the slack, partially due to Beijing's campaign ...

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