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BEIJING, March 27 (Reuters) - China's industrial profits rose a combined 31.5 percent in January and February from the same period a year earlier, the National Statistics Bureau said in a statement on Monday.
The profit increase was mostly due to faster growth in prices of coal, steel and crude oil, He Ping, a statistics bureau official, said in a note accompanying the statement.
Liabilities of industrial firms rose 6.6 percent year-on-year as of end-February, according to the statement. (Reporting by Ryan Woo; Editing by Kim Coghill)