(MENAFN) Official data showed that China's industrial businesses posted a profit increase of 11.4 percent in the first six months of the year, QNA reported.
Total profits of the Chinese industrial companies, which have annual business revenue of more than USD3.2 million, reached USD2.78 billion.
The faster-than-expected growth pace was attributed to strong growth in June, up surprisingly by 17.9 percent from a year earlier.
Of the total 41 industrial sectors, profits of 35 sectors rose, one remained flat and five dropped in the first half from the same period last year.
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