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China state firms' profits fall 52.7% year-on-year in Jan-May: finance ministry

Kitco News

BEIJING (Reuters) - Profits at China’s state-owned firms fell 52.7% y/y in Jan-May, according to a statement from the country’s Finance Ministry on Monday, to 663.1 billion yuan ($93.67 billion).

($1 = 7.0794 yuan)

Reporting by Huizhong Wu; Editing by Tom Hogue

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