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Weaker industrial profits point to further policy moves going forward

Profits at China's major industrial firms shrank at a faster pace in the first nine months, highlighting the need for further implementation of existing stimulus measures and stronger policy support to shore up growth, experts said.

Zhu also pointed out that the operation of private and small businesses kept improving, with their profits up 1.5 percent year on year during the period.Thursday s data also showed that the total assets of industrial firms stood at 152.64 trillion yuan at the end of September, up 9.5 percent from a year earlier.

China s industrial recovery gaining steam despite profits dip--China Economic Net

China s industrial recovery gaining steam despite profits dip--China Economic Net
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Zhu also pointed out that the operation of private and small businesses kept improving, with their profits up 1.5 percent year on year during the period.Thursday s data also showed that the total assets of industrial firms stood at 152.64 trillion yuan at the end of September, up 9.5 percent from a year earlier.

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