China's industrial profit growth slows for sixth month in August
Profits rose 10.1% on year to 680.3 billion yuan last month compared with a 16.4% gain in July
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Beijing
PROFITS at China's industrial firms grew at a weaker pace in August from a year earlier, slowing for a sixth consecutive month, as manufacturers struggled with high commodity prices, Covid-19 outbreaks and shortages of some key components.
Profits rose 10.1 per cent on year to 680.3 billion yuan (S$142.1 billion) last month compared with a 16.4 per cent gain in July, data from China's statistics bureau showed on Tuesday.
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