China's industrial profit increased 16.2 per cent year-on-year in July, compared with a 20 per cent growth one month earlier, according to data released by the National Bureau of Statistics on Monday.
For the first seven months this year, the industrial profit increased 17.1 per cent year-on-year, compared to 17.2 per cent growth for January-June, shows the data.
The NBS said the slower growth of of industrial producers' prices and faster rise the purchase price of supplies are the primary drag on the growth of industrial profit.
Industrial companies' debt-to . . .
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