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Chinese industries companies see profits drop in April after previous surge

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China’s industrial companies see their profits drop in April after a rapid growth in the previous months, due to weaker demand and slower manufacturing activity, adding signs that the pickup earlier this year may have been unsustainable and intensifying pressure for more government support to reinvigorate a weakening economy.

Industrial profits declined 3.7 per cent from a year earlier to 515.4 billion yuan in April, according to data published by the National Bureau of Statistics (NBS) on . . .

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