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China Jan-Feb Ind Profits Surge on Quicker Recovery: NBS

CHINA PRESS
MNI (Sydney)

Profits at China's industrial firms surged 179% in the first two months from a year ago to CNY1.11 trillion as manufacturing and demand regained pace, the National Bureau of Statistics said. This compared to the 38.3% decline in the same period last year, the beginning of the pandemic. More than 90% of industries saw profits increase in the first two months and nearly 60% doubled profits, led by equipment and high-tech manufacturing.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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