China's industrial profits down 3.6 pct in first 11 months

Profits of China's major industrial firms declined 3.6 percent year on year in the first 11 months of the year, data from the National Bureau of Statistics (NBS) showed. This was reported by The Xinhua News Agency.

Industrial firms with annual main business revenue of at least ¥20 mln (about $2.88 mln) saw their combined profits reach about ¥7.72 trln in the period, the NBS said.