China’s industrial profits rose by 5.4 per cent last month, mainly due to a strong performance from private firms. Photo: AP

China’s industrial profits rebound as optimism over 2020 economic prospects grows

Profits at China’s industrial enterprises rose 5.4 per cent in November from a year earlier
Figures are latest sign of resilience in the world’s second biggest economy

Topic | China economy

Orange Wang

Zhou Xin

Published: 6:00pm, 27 Dec, 2019

Updated: 11:59am, 30 Dec, 2019

China’s industrial profits rose by 5.4 per cent last month, mainly due to a strong performance from private firms. Photo: AP

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Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.