China industrial profits fall for 6th straight month

Beijing

PROFITS earned by Chinese industrial companies in November fell 1.4 per cent from a year earlier, marking a sixth consecutive month of decline, statistics bureau data showed on Sunday.

Industrial profits - which cover large enterprises with annual revenue of more than 20 million yuan (S$4.3 million) from their main operations - fell 1.9 per cent in the first 11 months of the year compared with the same period a year earlier, the National Bureau of Statistics (NBS) said on its website.