Profits earned by China's major industrial firms rose by 23.8% year-on-year last month, according to official data released on Thursday.
The companies reported a 23.8% year-on-year profit growth in March, down from 31.5% in January and February but much faster than the 8.5% increase in March of 2016.
Profits in March rose to 688.7 billion yuan (nearly 99.9 billion US dollars), the National Bureau of Statistics (NBS) said in a statement on its website.
Industrial profits climbed by 28.3% in the first quarter from a year earlier to 1.7 trillion yuan (nearly 246.7 billion US dollars), slowing from a growth of 31.5% in the first two months.
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