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China's Oct industrial profits rise 9.8% y/y

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Profits earned by China's industrial firms in October rose 9.8 per cent from a year earlier, the statistics bureau said on Sunday.

[BEIJING] Profits earned by China's industrial firms in October rose 9.8 per cent from a year earlier, the statistics bureau said on Sunday.

Industrial profits rose 8.6 per cent in the first 10 months from the same period a year earlier, similar to the growth rate in the first nine months of the year.

The data covers large enterprises with annual revenues of more than 20 million yuan from their main operations.

REUTERS

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