China's Industrial Profits Decline Slows in November Amid Signs of Recovery

Despite a 7.3% year-on-year drop in November profits, industrial output and targeted stimulus measures signal potential economic stabilization.

China's industrial profits fell 7.3% in November compared to the same month last year, marking a slower decline than October's 10% drop.
From January to November, industrial profits dropped 4.7% year-on-year, with mining and manufacturing sectors seeing significant declines, while utilities posted gains.
Government policies, including equipment upgrades and consumer goods trade-in programs, contributed to profit growth in specific sectors like special equipment manufacturing and green technologies.
High-tech industries, such as optoelectronic devices and lithium-ion batteries, reported notable profit increases, reflecting a push toward innovation and sustainability.
Economic data shows mixed signals, with manufacturing activity improving but weak consumer demand and a prolonged property downturn continuing to weigh on growth.