China's industrial profits post double-digit gains

BEIJING, Dec 27 (Reuters): China's Novem-ber industrial profits posted double-digit gains as overall manufacturing improved, although soft demand continued to constrain business growth expectations, emboldening calls for more macro policy support.

The 29.5 per cent profit rise came on top of a 2.7 per cent increase in October and alongside a pickup in industrial output in November, although other sectors of the world's second-largest economy still missed forecasts.