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China's Jan-Nov industrial profits fall 4.7% y/y

ReutersDec 27, 2024 1:41 AM

BEIJING, Dec 27 (Reuters) - Profits at China's industrial firms fell 4.7% in the first 11 months from the same period last year, official data showed on Friday.

The fall extended a 4.3% decline in the January-October period, according to National Bureau of Statistics data.

Industrial profit numbers cover firms with annual revenues of at least 20 million yuan ($2.7 million) from their main operations.

($1 = 7.2988 Chinese yuan)

(Reporting by Yukun Zhang, Qiaoyi Li and Ryan; Editing by William Mallard and Himani Sarkar)

((yukun.zhang@thomsonreuters.com;))

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