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China Zhongwang 18% Gross Profit has Hit the Bottom
Edited by : AL CIRCLE
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China Zhongwang is still subjected to U.S. anti-dumping and anti-subsidy policy with 80% or 0.412 billion Yuan less profit. Nevertheless, net profit of the second quarter has shown signs of revival as increasing by 50% to 0.247 billion Yuan. Vice president of China Zhongwang, Lu Changqing yesterday expresses that they won’t give up American market which serves as a blueprint of expanding domestic market.
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