China Dec industrial profits rise 6% on-year

An employee working at Daimler's new engine plant in Beijing, China. Chinese industrial firms' profits rose 6% in December to 942.5 billion yuan (US$155.84bil).

BEIJING: Profits earned by Chinese industrial firms rose 6% in December to 942.5 billion yuan (US$155.84bil) from a year earlier, slower than the annual growth of 9.7% in November, the National Bureau of Statistics said on Tuesday.

For the whole year of 2013, industrial profits totalled 6.28 trillion yuan, up 12.2% from the same period a year ago, the bureau said on its website, www.stats.gov.cn.