FILE PHOTO: A worker pours molten iron into a mould at a mill manufacturing marine engine components in Huaian, Jiangsu province, China February 11, 2019. REUTERS/Stringer
December 27, 2019
BEIJING (Reuters) – Profits at China’s industrial firms in November grew 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion), the National Bureau of Statistics said on Friday.
That compares with a 9.9% drop in October, the biggest fall since the January-February period.
For January-November, profits were down 2.1% from a year earlier at 5.61 trillion yuan, versus a 2.9% decline in the first 10 months of 2019.
Liabilities at industrial firms rose 5.3% at end-November from a year earlier, versus a 4.9% increase as of end-October.
The data covers companies with more than 20 million yuan in annual revenue from their main operations.
(Reporting by Beijing Monitoring Desk; Editing by Jacqueline Wong)
