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Industrial profits up in November


12-27-2016 16:47 BJT

China's industrial profits showed firm growth in November, led by price recoveries in oil, iron, and steel products. That's according to fresh data from the National Bureau of Statistics. The NBS says profits rose 9.4 percent in the first 11 months of the year. higher than the 8.6 percent increase for the first 10 months. Sector wise, manufacturers booked a 13 percent increase in profits while the mining sector saw a 36-percent decline. The figures covered large firms with annual revenues of more than 20 million yuan. Analysts say a commodity price boom and low base number from last year contributed to the rise.

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