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Chinese industrial companies recorded strong profits across a wide sample of provinces, in the first half. But the growth rate was showing signs of slowing.
The data issued by the National Bureau of Statistics covered industries operating in 24 provinces and regions, that account for 82 percent of nationwide industrial revenues. The figures showed that industrial profits in the regions climbed 72 percent year on year. But the growth rate was 11 percentage points lower in June than in the first five months.
Most of the 39 major industries posted year-on-year profit growth. Of those sectors, crude producing and metal industries saw their profits nearly double. Profits in oil refining dropped.