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China state-owned firms' Dec profits rise 13.8% y/y - finance ministry

BEIJING, Jan 26 (Reuters) - The profits of China’s state-owned firms rose 13.8% year on year in December, according to a notice from the Ministry of Finance.

For the whole of 2020, profits fell 4.5% from the year before, said the notice. (Reporting by Beijing newsroom and Gabriel Crossley; Editing by Andrew Heavens)

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