BEIJING, June 28 (Xinhua) -- China's major industrial firms reported a smaller profit decline in May, official data showed Wednesday.
Industrial firms with annual main business revenue of at least 20 million yuan (about 2.77 million U.S. dollars) saw their combined profits stand at 635.81 billion yuan last month, down 12.6 percent from a year ago, narrowing from the 18.2-percent drop in April.
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