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Chinese steel industry posts significant drop in net profit in Jan-Apr
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Reportedly, Chinese steel industry’s net profits have dropped by 57% year on year in the first four months of 2012, according to China’s National Bureau of Statistics.
It’s known that the net profits of the Chinese domestic enterprise with business revenues in excess of RMB 20 million totaled RMB 1.4525 trillion in the first four months, down slightly by 1.6% year on year.
In the first quarter of this year, the net profits of the Chinese domestic enterprise with business revenues in excess of RMB 20 million amounted to RMB 18.33 billion, slumping by 67.8% year on year.
News Date
5/29/2012 1:25:32 AM
reported by
Jacky Huang
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