China’s Industrial Profits Jump Though Deflation Woes Linger
- November figures supported by low base of comparison last year
- NBS analyst says surge is due to policies, investment returns
This article is for subscribers only.
China’s industrial profits soared in November, helped by favorable year-ago comparisons and a raft of stimulus measures aimed at reinvigorating an economy that has struggled with deflationary concerns.
Profits jumped 29.5% from a year earlier, sharply accelerating from the previous month, according to official data published Wednesday. Companies also recorded large investment returns in November, further boosting their bottom line, the National Bureau of Statistics said.