Industrial profits up 11.8% in Jan-Nov

Profit growth of China's industrial firms increased by 11.8 percent year-on-year in the first 11 months, 1.8 percentage points down from the first 10 months, the National Bureau of Statistics said on Thursday.

Profits of China's major industrial firms totaled 6.116 trillion yuan ($887.43 billion) in the January to November period, the NBS said.

Profits in 34 of the 41 sectors surveyed rose compared with a year earlier, unchanged from that for the January-October period, according to the NBS. Seven of those sectors registered falling profits.