Economics
China’s Industrial Profits Surge at Fastest Pace in Nine Years
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Profits at Chinese industrial enterprises surged at the fastest pace in a single month in almost nine years in October, a further sign the economic recovery is gathering pace.
Industrial profits rose for a sixth straight month, climbing 28.2% in October from a year ago, data from the National Bureau of Statistics showed Friday. For the first 10 months of the year, profits rose 0.7%.