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China’s Industrial Profits plunge 34.9% YoY in March, Aussie unfazed

The latest data published by China’s National Bureau of Statistics (NBS) showed on Monday that profits earnt by China’s industrial firms in March plummeted 34.9% YoY to 370.668billion yuan due to the economic fallout of the coronavirus pandemic.

The January to March month industrial profits also plunged by 36.7% YoY.

 

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