BEIJING (Reuters): Profits at China's industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its Covid-19 slump.
Profits surged 20.1% year-on-year in December to 707.11 billion yuan (US$109.40 billion), after rising 15.5% in November, the National Bureau of Statistics (NBS) data showed on Wednesday (Jan 27).
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