China’s industrial profits jump despite lingering deflation woes

Profits jumped 29.5% from a year earlier, sharply accelerating from the previous month, according to official data. — Reuters

Beijing: China’s industrial profits soared in November, helped by favourable 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 yesterday. Companies also recorded large investment returns in November, further boosting their bottom line, the National Bureau of Statistics (NBS) said.