China’s industrial profits continue to rise as economy recovers from Covid-19

Major Chinese industrial

Major Chinese industrial firms saw their profits surge for the fifth straight month, National Bureau of Statistics (NBS) data shows, as the world’s second largest economy continues to recover from the coronavirus crisis.

In September, industrial profits of large Chinese enterprises increased 10.1 percent compared with a year earlier, hitting 646.43 billion yuan (about $96.5 billion).

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