BEIJING: Profits of China's major industrial firms continued rapid growth in the first 11 months of 2021, the latest signal that the country's economy is set to finish the pandemic-hit year on a strong note.

Industrial firms with annual business revenues of at least 20 million yuan (about $3.14 million) saw their combined profits up 38 percent year on year in the January-November period to 7.98 trillion yuan, the National Bureau of Statistics (NBS) said in a statement Monday.

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