China's industrial profits logged a double-digit annual growth in November, but the pace of growth moderated notably, data released by the National Bureau of Statistics showed over the weekend.
Industrial profits increased 15.5 percent on a yearly basis in November, following a 28.2 percent surge posted in October.
The slowdown in November was largely driven by a higher base compared with October, the statistical office said.
During January to November period, profits of industrial firms climbed 2.4 percent from the same period last year.
The material has been provided by InstaForex Company - www.instaforex.com
source http://www.mt5.com/forex_news/quickview/2169422/
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