BEIJING (Reuters) - Profits earned by China's industrial firms in August rose 24 percent from a year earlier, the statistics bureau said on Wednesday, accelerating from the 16.5 percent gain in July.
Industrial profits increased 21.6 percent in the first eight months of 2017 year-on-year, versus a 21.2 percent rise in January-July.
Total profits in August rose to 672 billion yuan ($101.30 billion), the National Bureau of Statistics (NBS) said on its website.
Chinese industrial firms' liabilities increased 6.4 percent from a year earlier as of end-August, compared with an increase of 6.6 percent in the first seven months of this year.
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The data covers large companies with annual revenue of more than 20 million yuan from their main operations.
(Reporting by Beijing Monitoring Desk; Editing by Shri Navaratnam)