China's industrial profits grew at much slower pace in November

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Profits at China's industrial companies grew at a significantly slower pace in November, amid easing prices of some raw materials, a faltering property market and weaker consumer demand.

Profits increased 9% in November from a year earlier to 805.96 billion yuan ($126.54 billion), slowed sharply from the 24.6% growth in October, according to data released by the National Bureau of Statistics on Monday. The average two-year growth rate was 12 . . .

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