China's industrial profits at the fastest pace

Tuesday, 27/09/2016 | 06:32 GMT-0

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China's industrial sector profits appreciated at the fastest rhythm in August, within a period of three years, thus indicating that the nation is stabilizing and improving.

China's industrial firms' profits higher

The industrial firms' profits, compared to a year earlier, approached the 534.8 billion yuan, rising 19.5%, the National Bureau of Statistics (NBS) said today.

Furthermore, the rise in profits was mainly due to the escalation of the auto industries, oil refining, and steel where the annual revenues stood at approximately 20 million yuan.

Moreover, the nation's economy performed its weakest performance within a period of 25 years amid having grown 6.9%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-industrial-profits-at-the-fastest-pace

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