Oct industrial profits 10 yy vs 27.1 in Sept
JanOct industrial profits 4.3 vs 3.5 in JanSept
Producer price falls continue to plague industries
BEIJING, Nov 27 Reuters China39;s industrial profits fell again in October but less sharply than the previous month as deflation pressures dragged while demand remained soft in the crisishit 19 trillion economy.
Fresh headwinds from additional U.S. tariffs could also threaten China39;s industrial sector next year, reducing export earnings.
The sprawling sector, which includes mining, processing and manufacturing companies, has struggled to stay profitable in the face of feeble domestic demand hit by a yearslong property crisis, unemployment and rising trade tensions.
Policymakers have vowed to meet the government39;s gross domestic product growth target of around 5 this year even as U.S. Presidentelect Donald Trump pledges to slap more tariffs on Chinamade goods.
Industrial profits in October fell 10 year on year, better than a 27.1 slump in September though earnings slid 4.3 in the first 10 months versus a 3.5 decline in JanuarySeptember, National Bureau of Statistics NBS data showed on Wednesday.
Profits in most industries improved compared with the previous month, with new drivers such as equipment and hightech manufacturing playing a strong supporting role, NBS statistician Yu Weining said in an accompanying statement.
But some privatesector economists attributed the October improvement partly to the effect of a low…