China industrial profits up for January, February
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Beijing
CHINA'S industrial profits returned to growth in the first two months of 2016, despite weakening business conditions and slowing economic growth in the world's second-largest economy.
Profits earned by Chinese industrial firms in January and February combined rose 4.8 per cent from a year earlier, totalling 780.7 billion yuan (S$164.7 billion) in the two-month period, the National Bureau of Statistics (NBS) said on Sunday. That compared with an annual fall of 4.7 per cent in December 2015, which was the seventh straight month of decline.
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