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While other industries struggled through the world's financial turmoil, China's Internet industry advanced at a strong pace in 2009, maintaining a years-long trend by posting as much as 40 percent revenue growth. Total direct income may have reached 70 billion yuan.
Reports from large, listed companies suggested Internet profit margins were as high as 40 percent. And if all goes well, total income should easily reach the 100 billion yuan mark in 2010 – even without preferential policies, state-owned asset transfers, bank loans or support from domestic capital markets.
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