China’s industrial profits dip 1.8% YoY in Nov

SHANGHAI, Dec 27 (SMM) – Growth of profits at China’s industrial firms cooled for the eighth straight month and posted an outright fall in November, marking the first negative result in three years.

China’s industrial profits fell 1.8% from a year earlier in November, after expanding 3.6% in October, the National Bureau of Statistics (NBS) said on Thursday December 27.

In the first 11 months of 2018, industrial profit growth came in at 11.8% on a yearly basis, slower than the 13.6% increase in January-October.