China factory profit growth quickens as economy recovers

Annual growth of China’s industrial profits quickened to 22.8 per cent in November from October’s 20.5 per cent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.

Chinese industrial firms made 638.5 billion yuan (US$102.4 billion), China’s National Bureau of Statistics (NBS) said in a statement published on its website, www.stats.gov.cn.

via Business feed http://www.scmp.com/business/economy/article/1113473/china-factory-profit-growth-quickens-economy-recovers