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- Profits of industrial companies in China drop 8.8% in August
Profits of industrial companies in China drop 8.8% in August
China's National Bureau of Statistics (NBS) said on Monday that profits of industrial companies in China declined 8.8% in August from a year earlier. It was the biggest drop October 2011.
Profits in the coal mining sector dropped 64.9%, while oil and gas profits slid 67.3%.
For the first eight months of 2015, industrial profits fell 1.9% from a year earlier.
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