Profits at China's industrial firms in January-November fell 3.6% from a year earlier, after contracting 3.0% in the first 10 months, according to data the National Bureau of Statistics (NBS) released on Tuesday.
The world's second-largest economy faces headwinds from multiple directions. COVID-19 infections are surging after an abrupt relaxation of harsh restrictions, hitting businesses and consumers, while a weakening global economy is hurting Chinese exports.
Industrial profit data covers large firms with annual revenue above 20 million yuan from their main operations.
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