China industrial firms' Jan-Feb profits slump 38.3% year-on-year

BEIJING (Reuters) - Profits earned by China's industrial firms slid 38.3% year-on-year to 410.7 billion yuan (47.63 billion pounds) in the first two months of 2020, the statistics bureau said on Friday.The decline follows December's 6.3% drop and compares with a 14% fall for the same two-month period the previous year. The reading combines results for January and February to exclude distortions caused by the week-long Lunar New Year.Liabilities at industrial firms grew 5.3% on year at..