“In November, industrial production slowed down, and the pressure on business operations increased due to factors such as the resurgence of the epidemic and weak demand, but the profit structure continued to improve,” senior NBS statistician Zhu Hong was quoted as saying by local media reports.
Moreover, 20 out of 41 major industries showed an increase in profits during the first 11 months of 2022 compared to 19 industries in the first 10 months. The combined revenues of China’s industrial firms surged 6.7 per cent YoY to 123.96 trillion yuan during the first 11 months of the year.
ALCHEMPro News Desk (NB)
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