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China’s industrial profits fell at slower pace in April, pressure remains

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Profits at China’s sizeable industrial companies continued to drop in the first four months of the year, although at a slower pace, due to the impact of the coronavirus outbreak.

Industrial companies saw profits decline by 27.4 per cent year-on-year over the first four months of 2020 to 1.26 trillion yuan, shows data from the National Bureau of Statistics (NBS) on Wednesday.

That marks further improvement from the 36.7 . . .

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