China's industrial profits grew markedly in August from a year ago, data from the National Bureau of Statistics showed Tuesday.
Profits earned by large firms in China surged 19.5 percent year-over-year to CNY 534.8 billion in August, faster than the 11.0 percent climb in July.
During the first eight months of the year, total industrial profits rose 8.4 percent from the same period last year, compared with a 6.9 percent gain in the first seven months of this year.
Private firm's profits increased 8.4 percent, while profits at state-owned firms declined 2.1 percent in the January to August period.
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