Chinese carriers’ collective profit drops 7% in August

Chinese carriers reported a net income of CNY5.9 billion ($960 million) in August, down 7% compared to net income of CNY6.34 billion in the year-ago period. Operating revenue for the month climbed 7% to CNY42.5 billion while operating expenses increased 8% to CNY32.6 billion year-over-year. Industry...

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