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1st LD: China's Sept. industrial profit growth decelerates to 7.7 pct

Xinhua, October 27, 2016 Adjust font size:

China's industrial profits rose 7.7 percent year on year in September, official data showed Thursday.

The growth rate was slower than the 19.5-percent increase registered in August, according to the National Bureau of Statistics (NBS).

The NBS attributed the deceleration to slowing profit growth of electronics, steel and power sectors as well as the weakening effect of a low base, according to an NBS statement.

In the first nine months of the year, industrial profits expanded 8.4 percent year on year, same as the January-August period.

The bureau's calculations include companies with annual revenues exceeding 20 million yuan. Endi