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Combined profits at China's largest......>

CHINA DATA
CHINA DATA: Combined profits at China's largest industrial companies in March
fell 34.9% y/y, compared to the 38.3% decline seen for the first two months of
2020, according to a statement released by the National Bureau of Statistics
(NBS)on Monday. Profits in the electronics sector as well as in the wine, tea
and beverage manufacturing sectors grew from between 19.5% and 7.5% y/y,
reversing the 87.0% and 21.9% declines in the Jan-Feb period. Despite the
moderate improvement the outlook for profits is dim given weak market demand,
rising inventories, falling industrial product prices and large cost pressure,
the NBS said. 

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