Economic Buzz: China Industrial Profits Increase 4.2% On Year In December

27 Jan 2022 , 12:57 PM

Chinas industrial profits increased 4.2 percent on a yearly basis in December, slower than the 9.0 percent rise in November, reports said citing data published by the National Bureau of Statistics on Thursday. Higher input costs increased operational cost of smaller firms. In the whole year of 2021, industrial profits advanced 34.3 percent from the last year, reports said.

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