UPDATE 2-Chinese industrial profit growth accelerates

Newswire

(Adds analyst comment, background) BEIJING, June 22 (Reuters) - Annual growth in Chinese industrial profits accelerated to 25.5 percent in the January to May period, buoyed by earnings in sectors such as oil and cars, official data showed on Thursday, reflecting economic momentum. Chinese industrial firms earned a combined 629.4 billion yuan ($78.7 billion) in profits in the first five months of 2006, the National Bureau of Statistics said in a statement. The growth compared with ...

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