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China’s industrial profits grew at slower pace, manufacturing sector saw nine-month profits return to growth

Profits generated by Chinese industrial companies grew in September for a fifth consecutive month, indicating the economy recovered further from the coronavirus fallout, but the growth pace slowed amid factory-gate deflation and rising raw materials costs.

Profits at Chinese industrial companies rose 10.1 per cent year over year in September to 646.43 billion yuan, data released by the National Bureau of Statistics (NBS) showed on Tuesday.

That represented the fifth consecutive month . . .

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