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China’s industrial profits fell at fastest pace this year in October

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Profits generated by Chinese industrial companies plunged the most so far this year in October, primarily dragged by the weakening manufacturing sector, underscoring continued pressure on the world’s second largest economy as it battles slow growth amid a trade war with the United States.

Industrial profit fell 9.9 per cent in October year-on-year to 427.56 billion yuan ($60.74 billion), data released by the National Bureau of Statistics showed on Wednesday, marking . . .

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