Chinese industrial profit growth accelerated in October driven by mining, raw material manufacturing sectors

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Profits at China's industrial companies grew at a faster pace in October driven by companies in including mining and raw material manufacturing sectors.

Profits rose 24.6% in October from a year earlier to 818.7 billion yuan ($128.1 billion), showed data released by the National Bureau of Statistics on Saturday, accelerating from a 16.3% growth in September. The industrial profit data covers large firms with annual revenues of over 20 million yuan from their main operations.

Two-year average . . .

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