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China's Biggest Companies Warn Of Profit Plunges Up To 80%

Business Insider
Wednesday, 18 July 2012

China's Biggest Companies Warn Of Profit Plunges Up To 80%BEIJING (AP) — Some of China's biggest companies, from tech giants to airlines and retailers, are warning of unexpectedly sharp drops in profit of up to 80 percent, adding to pressure on Beijing to reverse a painful economic slump.

On Wednesday, Air China Ltd., one of three main government-owned airlines, warned first-half...
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