China's industrial profits surge 29.5% in November
2023-12-27
This photo taken on July 3, 2023 shows robotic arms working in the welding workshop of GAC Aion New Energy Automobile Co Ltd in Guangzhou, South China's Guangdong province. [Photo/Xinhua]
BEIJING - China's major industrial firms saw their profits surge 29.5 percent in November from the same period last year, data from the National Bureau of Statistics showed Wednesday.
In the first 11 months of the year, the profits of major industrial firms with annual main business revenue of at least 20 million yuan (about $2.82 million) reached 6.98 trillion yuan, down 4.4 percent year-on-year, with the pace of decline narrowing by 3.4 percentage points from the first 10 months.
