Economic Buzz: China Industrial Profits Climb 28.2% On Year In October

Economic Buzz: China Industrial Profits Climb 28.2% On Year In October

Nov 27, 2020 08:11 IST capital market

Profits at Chinese industrial firms rose 28.2% year-on-year in October to 642.91 billion yuan ($97.79 billion), official data showed on Friday, pointing to a steady recovery in the manufacturing sector after it was hard hit by the COVID-19 pandemic. Profits rose for a sixth straight month in October, after increasing by 10.1% year-on-year in September, the data from the National Bureau of Statistics (NBS) showed.

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