China's Industrial Profits Increase In 2011

China's total industrial profits increased 25.4 percent in 2011 from the previous year, data from the National Bureau of Statistics showed Friday. The annual growth for the first eleven months was 24.4 percent.

Profits of oil and natural gas exploration firms advanced 44.8 percent on a yearly basis. At the same time, mining industry profits grew 53 percent and chemical and chemical products profits moved up 32.1 percent.

Meanwhile, profits of petroleum processing, coking and nuclear fuel industry plunged 92.8 percent in 2011 and those of power generation and heating firms declined 11 percent during the year. (Provided by RTTNews)