China's industrial profits continue to soar in first 11 months


BEIJING (Xinhua): Profits of China's major industrial firms continued rapid growth in the first 11 months of the year, official data showed Monday (Dec 27).

Industrial firms with annual business revenues of at least 20 million yuan (about US$3.14mil) saw their combined profits up 38 per cent year on year in the January-November period to 7.98 trillion yuan, the National Bureau of Statistics (NBS) said in a statement.

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