China's industrial profits grow for fourth straight month in August, pressure remains as inventories, receivables rise

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Profits made by China’s industrial companies increased grew for the fourth consecutive month in August, in part driven by a rebound in commodities prices and pick-up in equipment manufacturing.

China's sizeable industrial enterprise made a total of 612.8 billion yuan of profits last month, rising 19.1 per cent from a year earlier, showed data released by the National Bureau of Statistics (NBS) on Sunday.

That compares with a 19.6 per cent gain in the previous month and is the fourth consecutive month of profit growth.

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