The decline was steeper than the 4.4% fall in the first 11 months of 2022
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Profits at Chinese state-owned firms fell 5.1% year-on-year in 2022 to 4.3 trillion yuan ($637.01 billion), according to data from the Finance Ministry on Monday.
The decline was steeper than the 4.4% fall in the first 11 months of 2022. ($1 = 6.7503 Chinese yuan renminbi) (Reporting by Ellen Zhang and Ryan Woo, Editing by Louise Heavens)
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