China’s November industrial profits rise 5.4% year-on-year
Profits at China’s industrial firms in November grew 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion), the National Bureau of Statistics said on Friday.
That compares with a 9.9% drop in October, the biggest fall since the January-February period.
For January-November, profits were down 2.1% from a year earlier at 5.61 trillion yuan, versus a 2.9% decline in the first 10 months of 2019.
Liabilities at industrial firms rose 5.3% at end-November from a year earlier, versus a 4.9% increase as of end-October.
The data covers companies with more than 20 million yuan in annual revenue from their main operations.