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China's August industrial profits fall 8.8% year on year

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Profits earned by Chinese industrial companies declined 8.8 per cent in August from a year ago, official data showed on Monday.

[BEIJING] Profits earned by Chinese industrial companies declined 8.8 per cent in August from a year ago, official data showed on Monday.

Profits were down 1.9 per cent in the first eight months of the year compared to the year-ago period, according to data from the National Bureau of Statistics.

REUTERS

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