China’s industrial profits rose more slowly in November, according to official figures, as raw material producers faced lower commodity prices.
Industrial profits in November increased by 9% compared to the previous year, compared to an increase of 24.6% in October.
In January-November, China’s industrial profits rose 38% year-on-year.
The fall in commodity prices last month boosted profits for raw material producers, but also helped boost profits for consumers of consumer goods and downstream equipment.
Producers of consumer goods showed a larger increase in profits in November, thanks to the steady recovery of production and higher production prices.
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Source From: Capital
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