BEIJING (Xinhua): China's major industrial companies saw a steady increase in profits in the first seven months of this year amid a stable recovery in market demand and improving business performance, official data showed Friday (Aug 27).
Industrial firms with an annual business turnover of at least 20 million yuan (US$3.08 million) raked in combined profits of 4.92 trillion yuan during the period, up 57.3 per cent year on year, data from the National Bureau of Statistics (NBS) showed.
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