Photographer: Qilai Shen / Bloomberg
Photographer: Qilai Shen / Bloomberg
Profits at Chinese industrial enterprises grew at a slower pace in November as producer prices eased.
Business profits rose 15.5% last month, after gaining 28.2% in October, data from the National Bureau of Statistics showed on Sunday. For the first 11 months of 2020, it was up 2.4% from a year earlier.
The discount in November was due to the base being higher compared to October, the NBS said in a statement. He said effective market stimulation and sustainable development in supply and demand.
“It is worth noting that business accounts are available and investments of finished products are still growing,” government economist Zhu Hong said in the statement. “Going forward, we still need to focus on supply-side structural reform and demand-side management. ”
– Supported by James Mayger, Lin Zhu, and Chunying Zhang