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CITIC Bank Q3 net profit up nearly doubled

China CITIC Bank Corp Ltd said third quarter net profit rose 97.55 percent year-on-year to 4.034 billion yuan ($588.91 million) under Chinese accounting standards due to strong growth in net interest and fee income.
PetroChina Co, the country's biggest oil and gas producer, posted a 30 percent increase in third-quarter earnings thanks to higher crude oil prices and increased output.
China Daily
ICBC profit growth slows as demand eases
China CITIC Bank Corp Ltd said third quarter net profit rose 97.55 percent year-on-year to 4.034 billion yuan ($588.91 million) under Chinese accounting standards due to strong growth in net interest and fee income.
Transportation: Home-made regional jet to flight before December
As the financial turmoil shaking Wall Street spreads worldwide, Chinese insurance companies are beginning to adjust their strategies and place their business focus back on traditional products.
China's GDP up 9.9% in Jan-Sept period
Third-quarter net profits of 645 Chinese listed firms fell by an average 16.07 percent from the previous quarter, although profits for the first nine months were up 30.1 percent from the same period last year.

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