China's industrial profits grew at fastest pace since 2011 in October as economic recovery gathering pace

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China’s industrial companies saw their profits grow at the fastest pace in nine years in October, indicating the recovery from the coronavirus pandemic in the world's second largest economy is gathering pace.

Profits at Chinese industrial firms rose 28.2 per cent in October from a year earlier to 642.91 billion yuan ($97.8 billion), almost triple the 10.1 per cent increase in September, showed data released by the National Bureau of Statistics (NBS) on Friday. That represents the fastest pace since December 2011 when industrial profits surged 30.5 per cent, the . . .

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