China’s industrial profits dropped on-year in Nov

FXStreet (Mumbai) – The National Bureau of Statistics reported that the total profits of the Chinese industrial enterprises fell 1.4% in Nov from a year earlier, compared with 4.6% for last month, marking a sixth consecutive month of decline, as the pace of falling total profits of industrial enterprises slowed.

Total profits of industrial enterprises dropped 1.9% on year for the first 11 months, compared with 2% decrease for the last ten months.

The National Bureau of Statistics reported that the total profits of the Chinese industrial enterprises fell 1.4% in Nov from a year earlier, compared with 4.6% for last month, marking a sixth consecutive month of decline, as the pace of falling total profits of industrial enterprises slowed.

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