China's industrial profits decline at slower pace in November

Reuters - 27/12
China's industrial profits fell at a slower clip in November, official data showed on Friday, as policymakers pledged stronger support to prop up a faltering economic recovery.
BEIJING, Dec 27 (Reuters) - China's industrial profits fell at a slower clip in November, official data showed on Friday, as policymakers pledged stronger support to prop up a faltering economic recovery.
The world's second-largest economy has been struggling to mount a strong post-pandemic revival, as business and household appetites for spending and investment remain subdued amid a prolonged housing downturn and fresh trade risks from the incoming U.S. administration of President-elect Donald Trump.
Industrial profits fell 7.3% in November from the same month last year, following a 10% drop in October, while a 4.7% decline in the first 11 months extended a 4.3% slide in the January-October period, National Bu...
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