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China's software sector records revenue growth in Jan.******
BEIJING, Oct. 23 (Xinhua) -- China's software and information technology sector sustained sound growth momentum in the first nine months of this year, official data showed.
Software revenue of the sector totaled 6.9 trillion yuan (about 1.1 billion U.S. dollars) during the January-September period, climbing 20.5 percent year on year, according to the Ministry of Industry and Information Technology.
Companies in this sector saw their profits expand 10.7 percent from a year earlier to 793.7 billion yuan, a growth rate of 1.4 percentage points higher than the first eight months.
In the first nine months, the ministry's data showed that China's software exports stood at 37.9 billion U.S. dollars, up 11.1 percent year on year. Enditem
Economic Watch: China's industrial profits sustain sound growth in first three quarters******
BEIJING, Oct. 27 (Xinhua) -- Profits of China's major industrial firms maintained sound growth momentum in the first three quarters of the year as industrial production continued to recover and business operations kept improving, official data showed on Wednesday.
Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 million U.S. dollars) saw their combined profits jumping 44.7 percent year on year in the January-September period to top 6.34 trillion yuan, data from the National Bureau of Statistics (NBS) showed.
The volume surged 41.2 percent compared with the 2019 level, putting the average January-September growth for 2020 and 2021 at 18.8 percent.
In September alone, profits of major industrial companies soared 16.3 percent year on year to 738.74 billion yuan, quickening from the 10.1-percent gain reported in August, according to the NBS.
In the first nine months, 29 out of 41 industries saw an expansion in their profits compared with the same period in 2019, while the overall performance of most industries was better than the pre-epidemic level, said senior NBS statistician Zhu Hong.
The high-tech manufacturing sector led the growth, with its profits growing 33.6 percent year on year over the same period.
In particular, boosted by the surging demand for vaccines at home and abroad, the pharmaceutical manufacturing sector continued high-speed growth since the beginning of the year and soared 66.8 percent during the period.
An obvious profit expansion in mining and raw material manufacturing industries has underpinned the headline figures, Zhu noted.
Profits in the coal mining industry jumped 272 percent year on year for the January-September period, while the oil and gas exploitation industry saw its earnings skyrocket 297 percent.
Zhu said that high commodity prices and unsmooth operations of supply chains have constrained the continuous improvement of the companies' profitability.
"The imbalanced profit distribution between upstream and downstream industries is meanwhile fairly prominent, and the foundation for the recovery still needs firming up," Zhu added. Enditem
Canada PM Trudeau says tests positive for Covid******
Canadian Prime Minister Justin Trudeau said Monday he has tested positive for Covid-19, while calling out truckers protesting against vaccine mandates.
"I feel well and have no symptoms," the 50-year-old premier told a news conference.
Trudeau had announced last week he was isolating after being exposed to the coronavirus. Two of his three children have also since tested positive, he said.
Trudeau, who received his third dose of the Covid vaccine in January, urged Canadians to get vaccinated and boosted, as the nation battles a rise in cases and hospitalizations due to the Omicron variant.
He will not be physically present for the return of parliament on Monday after a winter break, saying he would be "working remotely this week and keep following public health guidelines."
Outside parliament, a mass protest led by Canadian truckers opposed to vaccine mandates for crossing the Canada-US border continued for a third day.
The demonstration was much smaller than on the weekend when some 8,000 protestors, according to police, converged on the capital with horns blaring, clogging downtown streets and forcing closures of stores, schools and Covid vaccine clinics.
Trudeau defended the vaccination mandate, noting that 90 percent of drivers are already vaccinated.
"It is not by demonstrating against the pandemic but by getting vaccinated" that Canada will end public health restrictions aimed at slowing the spread of the virus, he said.
The prime minister also condemned the actions of some protestors over the weekend, when demonstrators had propagated racist messages and flown Nazi flags, as well as danced and urinated on the National War Memorial. Some also reportedly forced a local soup kitchen to serve them meals intended for the homeless.
"We are not intimidated by those who hurl insults and abuse at small business workers and steal food from the homeless," Trudeau said.
"We won't give in to those who fly racist flags. We won't cave to those who engage in vandalism or dishonor the memory of our veterans."
Police have opened several criminal investigations into alleged threats and intimidation by protestors.
On Monday, a truck collided with a police barrier blocking access to the parliamentary precinct.
"There were no injuries and the situation was de-escalated," a police spokesperson told AFP.
The nation's most populous province of Ontario, where Trudeau lives in the capital Ottawa, is expected to start easing Covid restrictions from Monday, allowing restaurants, bars, sports venues and movie theaters to re-open.
Canada has recorded more than 2.9 million cases of Covid-19 and more than 33,000 deaths since the start of the pandemic.