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China’s Q1 industrial profit up

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Beijing:  Chinese industrial businesses saw their profits rise by 10.1 percent year-on-year in the first quarter of 2014, official data showed Sunday.

Total profits of industrial companies with annual business revenue of more than 20 million yuan ($3.25 million) reached 1.3 trillion yuan from January to March, Xinhua reported citing the National Bureau of Statistics.

The profits growth accelerated compared with a 9.4-percent increase recorded in the first two months.