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China manufacturing continues sustained recovery as industrial profits grow for eighth straight month

Summary:
[unable to retrieve full-text content]Profits at China’s industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its coronavirus slump.Profits surged 20.1 per cent year on year in December to 707.11 billion yuan (US9.3 billion), after rising 15.5 per cent in November, National Bureau of Statistics (NBS) data showed on Wednesday.China is the only major economy in the world to avoid a contraction in 2020, with gross domestic product up 2.3…

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[unable to retrieve full-text content]
Profits at China’s industrial firms grew for the eighth straight month in December, suggesting a sustained recovery as the manufacturing sector rapidly emerged from its coronavirus slump.Profits surged 20.1 per cent year on year in December to 707.11 billion yuan (US$109.3 billion), after rising 15.5 per cent in November, National Bureau of Statistics (NBS) data showed on Wednesday.China is the only major economy in the world to avoid a contraction in 2020, with gross domestic product up 2.3…
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