BEIJING, Dec 27 Reuters Profits at China39;s industrial firms in JanuaryNovember fell 3.6 from a year earlier, after contracting 3.0 in the first 10 months, according to data the National Bureau of Statistics NBS released on Tuesday.

The bureau did not report standalone figures for November.

The world39;s secondlargest economy faces headwinds from multiple directions. COVID19 infections are surging after an abrupt relaxation of harsh restrictions, hitting businesses and consumers, while a weakening global economy is hurting Chinese exports.

Industrial profit data covers large firms with annual revenue above 20 million yuan 2.87 million from their main operations.

1 6.9792 Chinese yuan renminbi

Reporting by Ellen Zhang and Ryan Woo; Editing by Edmund Klamann

Source Reuters