trending Market Intelligence /marketintelligence/en/news-insights/trending/c6ujTkj9cFSYP78-08RmMA2 content esgSubNav
In This List

China industrial profits rebound in November

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Banking Essentials Newsletter: September Edition


China industrial profits rebound in November

Profits from China's industrial enterprises increased 5.4% to 593.91 billion yuan in November, compared with a 9.9% drop in October, according to the National Bureau of Statistics.

The profit growth was attributed to an acceleration in industrial production, growth in sales and a slower fall in the ex-factory price of industrial products.

In the January to November period, industrial profits fell 2.1% year over year to 5.61 trillion yuan, slowing from the 2.9% drop registered in the first 10 months of the year.

Profits of state-controlled enterprises declined 11.2% on a yearly basis to 1.60 trillion yuan, while that of private enterprises rose 6.5% to 1.59 trillion yuan.

As of Dec. 26, US$1 was equivalent to 7.00 Chinese yuan.