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BEIJING, March 27 - Profits at China's industrialfirms rose 179% year-on-year in the first two months of 2021 to1.114 trillion yuan ($170.31 billion), official data showed onSaturday.
That compared with a 20.1% on-year increase seen in Decemberand a 38.3% on-year slump in the first two month of 2020,according to data from the National Bureau of Statistics.
The figures combine data for January and February to excludedistortions caused by the week-long Lunar New Year, which fellin February this year.
China managed to contain the COVID-19 pandemic before manyof its peers last year, making it the only major economy to postfull-year growth in 2020, with an expansion of 2.3%. REUTERS