China's industrial company profit growth slowed in November, according to data released by the National Bureau of Statistics on Friday.
Total profits of China's industrial firms rose 9.7% y/y in November to CNY707.48 billion, compared with the 15.1% y/y rise the previous month, the NBS said, according to MNI. During the first 11 months of 2013, industrial profit climbed 13.2% y/y to CNY5.33 trillion, compared with a growth of 13.7% in the previous 10 months.
The National Bureau of Statistics data covers companies with annual sales revenues exceeding CNY20 million.
China Industrial Profit Growth Slows In November
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