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China Daily | Updated: 2014-07-29 06:50
Industrial firms' profits up 11.4%in first half, NBS says
Industrial companies' first-half profits rose 11.4 percent year-on-year, the National Bureau of Statistics said on Sunday. Total profits of industrial companies with annual revenue of more than 20 million yuan ($3.2 million) reached 2.86 trillion yuan, the NBS said. Profit growth accelerated from the first five months, when it was less than 10 percent. In June alone, industrial companies recorded 588 billion yuan in profits, up 17.9 percent year-on-year.
SOEs report expansion of assets, revenue in 2013
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