Profits earned by Chinese industrial companies in November fell 1.4 percent from a year earlier, marking a sixth consecutive month of decline, statistics bureau data showed on Sunday.
Industrial profits - which cover large enterprises with annual revenue of more than 20 million yuan ($3.1 million) from their main operations - fell 1.9 percent in the first 11 months of the year compared with the same period a year earlier, the National Bureau of Statistics said on its website.
The November profits of industrial firms did see some improvement from the previous month. In October, profits fell 4.6 percent from a year earlier.
"The November industrial profit data matched earlier output data and they showed some signs of stabilizing, which are in line with recent data from other Asian countries and regions," said Zhou Hao, China economist at Commerzbank in Singapore, noting the figures were slightly better than market expectations.
