China's industrial firms post steepest fall in profits in a decade
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BEIJING (Reuters) - Profits at China's industrial firms slumped in the first two months of the year to their lowest in at least a decade, with the mining, manufacturing and power sectors all seeing sharp falls, as a virus epidemic battered China's economy.Profits earned by Chinese industrial firms in the first two months dropped 38.3% from a year earlier to 410.7 billion yuan (47.63 billion pounds), worsening from a 6.3% fall seen in December last year, the National Bureau of Statistics (NBS)..