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China’s industrial profit growth slowed sharply in 2018

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China’s industrial firms see their earnings shrink for a second straight month in December, putting more pressure on policymakers to support industries amid a protracted US-Sino trade war.

December’s industrial profits fell 1.9 per cent from a year earlier, the worst monthly performance since the end of 2015, and the second consecutive monthly decline, according to data released by the National Bureau of Statistics (NBS) on Monday.

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