FX.co ★ China Industrial Profits Log Sharp Growth

China industrial profits registered a double-digit strong growth in November, which was largely driven by the low base of comparison.

Industrial profits advanced 29.5 percent in November from a year ago, the National Bureau of Statistics reported Wednesday. This follows a 2.7 percent rise in October. During January to November, industrial profits decreased at a slower pace of 4.4 percent from the same period last year to 6.98 trillion. Profits had decreased 7.8 percent in the January to October period.

The uptrend in November was underpinned by the improvement in the manufacturing sector together with macro polices and base effects.