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BEIJING, Jan. 29 (Xinhua) — Listed companies in China reported rapid profit growth in 2017 as the country’s supply-side structural reform began to bear results.
So far, over half of listed companies on the country’s two major exchanges have reported their 2017 performance, and nearly 70 percent of them saw profit gains, according to the Xinhua-run Shanghai Securities News.
Most companies in traditional sectors such as coal and steel posted strong growth on the back of the country’s economic restructuring and business environment improvement.
Nineteen out of 20 companies that have released 2017 reports in the coal sector saw profit growth as China continues to slash excess coal capacity and produc…
Read the full article at: http://www.xinhuanet.com/english/2018-01/29/c_136933237.htm