Over the first 11 months, profits shrank by 4.7% from the same period last year.
China’s industrial firms saw their profits drop in November for a fourth straight month, on track for the sharpest annual decline since records began in 2000.
Industrial profits at large Chinese companies fell 7.3% last month compared to a year ago, the National Bureau of Statistics said in a statement on Friday. That compares with a Bloomberg Economics forecast for a decline of about 6%.
