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PROFITS of China’s industrial companies contracted 2.3 percent from a year earlier in 2015, a sharp deceleration from the increase of 3.3 percent in 2014, according to the National Bureau of Statistics today.
Net earnings of manufacturers totaled 6.35 trillion yuan (US$963 billion) last year, with notable profit slowdown in industries including raw materials and mining.
In December alone, profits lost 4.7 percent to 816.7 billion yuan, compared with the cut of 1.4 percent a month earlier.
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