BEIJING: Profits of China’s major industrial firms saw accelerated growth in the first two months of this year as the economy further firms up from the Covid-19-induced woes, official data showed Saturday.
Industrial firms with an annual business turnover of at least 20 million yuan (US$3.06mil or RM12.69mil) saw their combined profits surge 179% year-on-year (y-o-y) during the Jan-Feb period to 1.11 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
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