BEIJING, April 27 (Reuters) - Profit at China's
industrial firms fell 21.4% in the first quarter from a year
earlier, official data showed on Thursday, as the factory sector
struggled to shake off the fallout from crippling pandemic.
The decline compared with a 22.9% slump in industrial profit
in the first two months, data from the National Bureau of
Statistics (NBS) showed.
The data covered firms with annual revenues of at least 20
million yuan ($2.89 million) from their main operations.
($1 = 6.9163 Chinese yuan)
(Reporting by Qiaoyi Li and Ryan Woo; Editing by Jacqueline
Wong)
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