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Business

Listed China's limp profit recovery

Pace lags economic growth despite big gains by policy-favored industries

Real estate developers made out big on a condo boom in many large Chinese cities.

SHANGHAI/GUANGZHOU -- China's listed companies are struggling to engineer a sharp profit recovery, with bottom line growth in many industries underperforming the nation's overall economic expansion.

The combined net profit of some 2,900 Chinese concerns that announced 2016 earnings by Thursday grew a lackluster 4%, following a 1% fall in 2015.

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