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China Daily | Updated: 2016-03-30 08:07
Govts & policies
Industrial firms restoring strength
China's latest profit data show it is making progress in restoring and upgrading its industrial firms, but they have not fully recovered yet. Profits at major industrial companies rose 4.8 percent year-on-year in the first two months of 2016, ending a seven-month dropping streak, official data showed. "The rebound is heartening news, reflecting an overall improvement in business operations and proving that supportive policies and reforms were kicking in," said Mo Kaiwei, a researcher at the China Academy of Regional Finance.
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