China’s industrial revenue hits $17.18 tn, profits fall 4.7% YoY

From January to November, major Chinese industrial enterprises achieved 123.48 trillion yuan (~$17.18 trillion) in operating revenue, up 1.8 per cent YoY, but profits fell 4.7 per cent to 6.66 trillion yuan (~$932.4 billion).
November’s revenue grew 0.5 per cent YoY, driven by policy measures.
High-end manufacturing saw profit growth, with wearable smart devices up 90.3 per cent.Read More