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China Industrial Profits Climb 14.5%, Led by Coal And Metals

  • Earnings rose to 774.6 billion yuan last month on price gains
  • Rise comes amid rebound in factory inflation, coal strength
SHANXI, CHINA -NOVEMBER 25: (CHINA, HONG KONG, MACAU, TAIWAN OUT) Chinese workers commute as smoke billows from a coal fired power plant on November 25, 2015 in Shanxi, China. A history of heavy dependence on burning coal for energy has made China the source of nearly a third of the world's total carbon dioxide (CO2) emissions, the toxic pollutants widely cited by scientists and environmentalists as the primary cause of global warming. China's government has publicly set 2030 as a deadline to reach the country's emissions peak, and data suggest the country's coal consumption is already in decline. The governments of more than 190 countries are expected to sign an agreement in Paris to set targets on reducing carbon emissions in an attempt to forge a new global agreement on climate change.
Photographer: Kevin Frayer/Getty Images
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Profits at industrial firms in China accelerated in November, with raw material producers leading gains, as prices of products such as coal and metals continued to advance.

Industrial profits rose 14.5 percent from a year earlier to 774.6 billion yuan ($111 billion), the National Bureau of Statistics said Tuesday. That compared with the 9.8 percent increase in October. Earnings in the first 11 months climbed 9.4 percent to 6.03 trillion yuan.