China’s Industrial Profits Jump, but Deflation Concerns Linger

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The figures are boosted by a low base last year when economic activity was hampered by pandemic controls. Photo: Bloomberg

(Bloomberg) — China’s industrial profits soared in November, helped by favorable year-ago comparisons and a raft of stimulus measures aimed at reinvigorating an economy that has struggled with deflationary concerns.

Profits jumped 29.5% from a year earlier, sharply accelerating from the 2.7% increase in October, according to data published by the National Bureau of Statistics on Wednesday.