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- China's industrial profits growth moderates in November
China's industrial profits growth moderates in November
RTTNews reports that data released by the National Bureau of Statistics showed that China's industrial profits logged a double-digit annual growth in November, but the pace of growth moderated notably.
Industrial profits increased 15.5 percent on a yearly basis in November, following a 28.2 percent surge posted in October.
The statistical office said that the slowdown in November was largely driven by a higher base compared with October.
During the January to November period, profits of industrial firms climbed 2.4 percent from the same period last year.
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