Industrial profits' growth buoys outlook

China's industrial profits registered 14.5 percent growth year-on-year in November, the fastest in three months, which analysts said is a solid sign of improving economic fundamentals.

Profits in November totaled 774.6 billion yuan ($111.4 billion), and in the first 11 months, total industrial profits reached 6.03 trillion yuan, up by 9.4 percent year-on-year. That was 0.8 percentage point faster than in the January-October period, the National Bureau of Statistics said on Tuesday.

Industrial profits increase has been rebounding since summer after tumbling to as low as 3.7 percent in May and peaking at 19.5 percent in August, which is attributable to recovery in commodity prices. The country's recovering industrial output is also behind the rising profit level.