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China's industrial profits up 4.3 pct in Q1

XINHUA

發布於 04月27日02:31 • Wang Yaguang,zhangxu(yidu)
Robots weld bodyshells of cars at a workshop of Chinese electric vehicle maker Li Auto Inc. in Changzhou, east China's Jiangsu Province, Jan. 10, 2024. (Xinhua/Ji Chunpeng)
Robots weld bodyshells of cars at a workshop of Chinese electric vehicle maker Li Auto Inc. in Changzhou, east China's Jiangsu Province, Jan. 10, 2024. (Xinhua/Ji Chunpeng)

BEIJING, April 27 (Xinhua) -- Profits of China's major industrial firms increased 4.3 percent year on year in the first quarter of the year, official data showed Saturday.

The growth reversed a 2.3 percent decline registered in 2023, according to the National Bureau of Statistics.

Industrial firms with an annual main business revenue of at least 20 million yuan (about 2.82 million U.S. dollars) saw their combined profits reach 1.51 trillion yuan during the first three months. ■

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