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China's industrial profits growth accelerates in October
China's industrial profits growth accelerates in October, growing 25% from a year earlier

[Image: 7c8241f8-72bf-4822-bd3b-76cdd1894315.jpeg]

China's industrial profit growth accelerated in October, growing 25 percent from a year earlier, boosted by the country's policy to secure energy supply and stabilize prices. Nonetheless, the progress is still facing uncertainty due to COVID-19.

China's industrial profits in October grew by 25 percent year on year to 818.7 billion yuan ($128 billion), an acceleration of 8.3 percentage points from the previous month, and rebounded for two consecutive months, according to data released by the National Bureau of Statistics (NBS) on Saturday.

China's industrial profits from January to October grew by 42.2 percent year on year to 7.17 trillion yuan, up 43.2 percent from the first 10 months of 2019, an average increase of 19.7 percent over two years, NBS data shows.

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