China's November industrial profits rise 5.4% year-on-year
Profits at China's industrial firms in November grew 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion), the National Bureau of Statistics said on Friday.
Profits at China's industrial firms in November grew 5.4% from a year earlier to 593.9 billion yuan ($84.93 billion), the National Bureau of Statistics said on Friday.
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Oil rose towards $68 a barrel to its highest in over three months on Thursday, buoyed by a report showing lower U.S. crude inventories, hopes of an end to the China-U.S. trade dispute and OPEC-led efforts to constrain supply.
Profits at China's industrial firms in November grew at the fastest pace in eight months, breaking a three-month declining streak, as production and sales quickened, but broad weakness in domestic demand remains a risk for earnings next year.
U.S. stock indexes were set to open near record highs on Thursday and the S&P 500 was on course for its best year since 2013 on optimism over an imminent U.S.-China trade deal.