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NBS: Profits of Chinese industrial firms up 0.7%

The growth in on-year profits of sizable Chinese industrial enterprises over January-October reached 0.7%, according to the latest data released by China’s National Bureau of Statistics (NBS) on November 27.
The increase reflected the country’s success at controlling the spread of COVID-19 and boosting the domestic economy, NBS said. The rise indicated the gradual improvement in domestic supply and demand, and with it, so the operation of industrial enterprises continued to improve, NBS said, adding that the recovery of profits


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