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

CHINA DATA
CHINA DATA: Combined profits at China's largest industrial companies in April
fell 4.3% y/y, largely recovering from the 34.9% decline seen in March,
according to a statement released by the National Bureau of Statistics (NBS) on
Wednesday. More than half of 41 sectors reversed profit losses, and the profit
improvements in the automotive, special equipment, electrical machinery and
electronics sectors contributed 19.7 percentage points to the overall gain.
Despite the significant improvement the outlook for profits is dim given weak
market demand, falling industrial product prices and large cost pressures, the
NBS said. 

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