CHINA'S SEPT INDUSTRIAL PROFITS EXTEND GAINS HELPED BY POLICY SUPPORT

Profits at China's industrial firms extended gains for a second month in September, adding to signs of a stabilising economy as the authorities launched a burst of supportive policy measures. The 11.9% year-on-year rise came on the back of a surprise 17.2% gain in August, and follows stronger-than-expected industrial and consumption activity over September. For the first nine months, profits slid 9% from a year earlier, narrowing from a 11.7% decline in the first eight months.

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