Industrial profit growth slower

Profit growth among China's industrial firms cooled for a sixth straight month in October due to softening factory prices and a high comparative base effect, the National Bureau of Statistics said on Tuesday.

Analysts said the weakening trend may continue into next year amid overall economic growth easing.

Profits of China's major industrial firms rose 3.6 percent in October from a year earlier to 548 billion yuan ($78.92 billion), a seven-month low, down from 4.1 percent in September, according to the NBS.