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China’s industrial profit in June grew at fastest pace in 15 months

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China’s industrial companies saw their profits grow at the fastest pace in 15 months in June, but remained in the red over the half of the year, due to the impact of the coronavirus outbreak.

Profits of sizeable industrial companies saw a year-on-year increase of 11.5 per cent, the fastest pace since April 2019, improving significantly from an increase of 6 per cent in May, showed data from the National Bureau of Statistics . . .

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