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China Jan-Feb industrial profits surge 31.5 pct y/y
March 27, 2017 / 1:59 AM / 8 months ago

China Jan-Feb industrial profits surge 31.5 pct y/y

BEIJING, March 27 (Reuters) - China’s industrial profits rose a combined 31.5 percent in January and February from the same period a year earlier, the National Statistics Bureau said in a statement on Monday.

The profit increase was mostly due to faster growth in prices of coal, steel and crude oil, He Ping, a statistics bureau official, said in a note accompanying the statement.

Liabilities of industrial firms rose 6.6 percent year-on-year as of end-February, according to the statement. (Reporting by Ryan Woo; Editing by Kim Coghill)

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