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China's industrial profits surge 16.3% in Sept to 738.74 bn yuan

China's industrial profits surge 16.3% in Sept to 738.74 bn yuan

For the January-September period, industrial firms' profits grew 44.7%% year-on-year, slowing from a 49.5% increase in the first eight months of 2021, the statistics bureau said on Wednesday.

 The industrial profit data covers large firms with annual revenues of over 20 million yuan from their main operations. The industrial profit data covers large firms with annual revenues of over 20 million yuan from their main operations.


Profits at China's industrial firms in September rose 16.3% on year to 738.74 billion yuan, following a 10.1% rise in August, even as surging raw material prices and supply bottlenecks squeezed margins and weighed on factory activity.

For the January-September period, industrial firms' profits grew 44.7%% year-on-year, slowing from a 49.5% increase in the first eight months of 2021, the statistics bureau said on Wednesday.

Liabilities at industrial firms rose 8.2% from a year earlier at end-September, down from 8.4% growth as of end-August.

The industrial profit data covers large firms with annual revenues of over 20 million yuan from their main operations.

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