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BEIJING - China's industrial output increased 19.6 percent year-on-year in the first quarter of 2010, the National Bureau of Statistics (NBS) said Thursday.
The figure is a 14.5 percentage points rise from the same period last year. In March, the figure rose 18.1 percent year-on-year.
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The industrial output of State-owned enterprises and the State-owned businesses was up 20 percent while that for foreign-invested businesses was up 19 percent, the NBS said.
Industry profits also continue to improve. Profits of enterprises with annual sales revenue of over five million yuan ($732,493.41) grew 120 percent in the first two months of the year to hit 486.7 billion yuan.