Banks have record year amid economic troubles
By Wang Xiaotian | China Daily | Updated: 2012-02-21 08:06
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A worker repairing a bank's signboard in Nanjing, Jiangsu province. The net profits of China's commercial banks rose 36.3 percent last year to more than 1 trillion yuan ($159.9 billion). Provided to China Daily |
BEIJING - Chinese banks reported record-high net profits in 2011, a year that saw manufacturers struggling with rising costs and tightened liquidity.
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