Asia News
China manufacturing hubs see less profits
Beijing, Feb 11 (IANS) Rising manufacturing costs and weak external demand for China-made goods have dented the profits of industrial hubs in southeast China.
Industrial output in Guangdong surged 20.9 percent year-on-year in 2011, but industrial profits rose by only 2.4 percent, down sharply from over 30 percent annual growth in 2010, Xinhua reported Friday quoting the provincial statistics bureau.
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