China’s industrial giants see profits in October grow at the fastest pace in nearly nine years

China’s industrial giants saw their profits grow for a sixth straight month in October,

indicating continued recovery from the coronavirus pandemic in the world’s second-largest economy.

Profits at Chinese industrial firms rose 28.2 per cent in October from a year earlier to 642.91 billion yuan (US$97.8 billion), almost triple the 

10.1 per cent increase in September,

 National Bureau of Statistics (NBS) data showed on Friday.

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