Tuesday, June 26, 2007

China's Industrial-Company Profits Swell, Hamper Efforts to Cool Economy

(Bloomberg) -- China's industrial-company profits
swelled 42.1 percent in the first five months from a year
earlier, hampering government efforts to cool investment in the
world's fastest-growing major economy.

Combined net income increased to 902.6 billion yuan ($119
billion), the National Bureau of Statistics said today. Total
sales jumped 27.4 percent to 14.2 trillion yuan.


Read more at Bloomberg Emerging Markets News

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