Industrial profits keep on growing

Profits of China's industrial firms continued their stable growth last month, which, analysts said, can be attributed to rising prices for industrial goods from the country's supply-side structural reform and stabilizing economy.

Industrial profits in October rose by 25.1 percent from a year earlier to 745.4 billion yuan ($113 billion), the second-highest monthly rise this year after it jumped by 27.7 percent in September, the National Bureau of Statistics said on Monday.

In the first 10 months as a whole, those profits increased by 23.3 percent year-on-year, up from 22.8 percent in January to September, the NBS said. The NBS data cover large companies with annual revenues over 20 million yuan from their main businesses.