China's industrial profits up 8.5 pct in Q1

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China's industrial profits up 8.5 pct in Q1

STORY: China's industrial profits up 8.5 pct in Q1 DATELINE: April 27, 2022 LENGTH: 00:02:27 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of Chinese cities' views 2. SOUNDBITE 1 (English): ALESSANDRO GOLOMBIEWSKI TEIXEIRA, Former Chief Economic Advisor to President of Brazil 3. SOUNDBITE 2 (English): KRISTALINA GEORGIEVA, IMF Managing Director 4. SOUNDBITE 3 (Spanish): EDUARDO REGALADO, Senior researcher at International Policy Research Center of Cuba 5. SOUNDBITE 4 (English): CAVINCE ADHERE, Kenya-based international relations scholar STORYLINE: Official data showed on Wednesday that the profits of China's major industrial firms rose 8.5% year on year to hit 1.96 trillion yuan (about 298.8 bln USD) in the first quarter of 2022. The National Bureau of Statistics said in the first three months, 24 out of 41 industries saw a year-on-year expansion in their profits, while 15 others logged declines. The revenues of those major firms, each with annual main business revenue of at least 20 million y

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