Industrial profits continue strong performance

Sharp rise in November figures caps robust turnaround for the year

Industrial profits maintained strong growth momentum in November, capping a remarkable turnaround for the year.

Major industrial companies, those with annual revenues of more than 20 million yuan ($3.18 million), saw profits surge 22.8 percent year-on-year to reach 638.5 billion yuan last month, the National Bureau of Statistics said on Thursday.