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Chinese state firms' profits grow as economy improves

Xinhua | Updated: 2016-11-25 19:22

BEIJING - Combined profits of China's state-owned enterprises (SOEs) reached 1.92 trillion yuan ($277.41 billion) in the first 10 months of the year, up 0.4 percent year-on-year, official data showed Friday.

This compared with an annual decline of 1.6 percent registered in the first nine months, according to data from the Ministry of Finance.

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