China's industrial profits continue to soar in first 11 months

Profits of China's major industrial firms continued rapid growth in the first 11 months of the year, official data showed on Monday.

Industrial firms with annual business revenues of at least 20 million yuan (about 3.14 million U.S. dollars) saw their combined profits up 38 percent year on year in the January-November period to 7.98 trillion yuan, data from the National Bureau of Statistics showed.