BEIJING--Chinese industrial companies returned to profit growth in November, in line with recovering factory production as government policies start to take effect.
Industrial profits rose 5.4% on year to 593.9 billion yuan ($84.9 billion) last month compared with October's 9.9% on-year decline, according to data released by the National Bureau of Statistics on Friday.
In the first 11 months of the year, China's industrial businesses recorded a 2.1% profit decline from the same period a year ago, the bureau said.
China's bloated state enterprises posted the biggest profit decline in the January-to-November period, falling 11.2% on year. Private companies were the only group that record profit growth in the 11-month period with a 6.5% on-year rise.
--Grace Zhu
"profit" - Google News
December 27, 2019 at 10:20AM
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China's industrial profits improved in November - MarketWatch
"profit" - Google News
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