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China’s Industrial Profits Rise for First Time in Six Months

Chinese industrial companies’ profits rose in September for the first time in six months, adding to signs economic growth is picking up following a seven-quarter slowdown.

Net income rose 7.8 percent from a year earlier to 464.3 billion yuan ($74.3 billion), the National Bureau of Statistics said today in Beijing. That compared with a 6.2 percent decline in August, the year’s largest drop.