Experts say May figures likely to be better; vehicle sector stands out

China's industrial profit gains in April slowed, dragged down by a slump in the electronics, power and wine industries. Analysts said this was in line with other weak April data, but they were more optimistic about May's data.

Profits generated from industrial enterprises with annual revenue of more than 20 million yuan ($3.2 million) reported 9.6 percent year-on-year growth in April, according to the National Bureau of Statistics on Wednesday, down from the 10.7 percent growth recorded in March.