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China Inc braces for testing 2018 as profit growth slows to seven-month low

Dec 27 , 2017

China's major industrial firms reported slower profit growth in the first 11 months, the National Bureau of Statistics (NBS) said Wednesday.

Businesses with annual revenue of more than 20 million yuan (about 3 million U.S. dollars) reported aggregate profits of 6.88 trillion yuan in the first 11 months, a 21.9-percent increase from one year earlier.

The growth marked a mild slowdown from 23.3 percent in the January-October period. In November alone, profits were up by 14.9 percent, down from 25.1 percent during the previous month and the weakest pace since April. 


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