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Financial News: China's Industrial Profits Growth Moderates In November

China's Industrial Profits Growth Moderates In November

12/28/2020 - 01:05:00 (RTTNews)

(RTTNews) - China's industrial profits logged a double-digit annual growth in November, but the pace of growth moderated notably, data released by the National Bureau of Statistics showed over the weekend.

Industrial profits increased 15.5 percent on a yearly basis in November, following a 28.2 percent surge posted in October.

The slowdown in November was largely driven by a higher base compared with October, the statistical office said.

During January to November period, profits of industrial firms climbed 2.4 percent from the same period last year.

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