Economics
China’s Industrial Profit Growth Rebounds for Second Month
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Profit growth at China’s industrial firms rebounded for a second month in October, driven by companies in sectors including mining and manufacturing of raw materials.
Industrial profit climbed 24.6% to 818.7 billion yuan ($128 billion) in October from a year earlier, the National Bureau of Statistics said Saturday, compared with a 16.3% increase in the previous month. For the first 10 months of the year, profits increased 42.2% from a year earlier to 7.16 trillion yuan.