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Chinese Industrial Profits Rise Sharply at the Start of 2017

Economy

Profits at Chinese industrial companies rose by 31.5% year-on-year in January-February to 1.01 trillion yuan ($147 billion), supported primarily by higher commodity prices, according to National Bureau of Statistics data reported by Reuters. This was up from growth of just 2.3% in December and represented the fastest rate of annual increase in almost six years.