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China’s industrial profits nearly doubled on year in March, raw material sector’s profits surged amid rising commodity prices, recovering demand

Profits at China's industrial companies nearly doubled in March from a year ago, as demand for raw materials surged maid the economic recovery.

Profits increased to 711.18 billion yuan ($109.66 billion) last month, surging 92.3 per cent from a year earlier, when the economy was hard hit by the COVID-19 crisis, according to data released by the National Bureau of Statistics (NBS) on Tuesday.

The pace of growth slowed from . . .

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