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Industrial profits increased 21.0 percent year-on-year in 2017.
The government releases combined January and February figures in an effort to even out distortions caused by the week-long Lunar New Year, which fell on Feb. 15. this year.
Chinese industrial firms' liabilities increased 6.0 percent from a year earlier at the end of February, compared with a 5.7 percent rise at the end of 2017.
The data covers large companies with annual revenue of more than 20 million yuan from their main operations.