China's industry profits have fallen at the fastest rate in more than a year.
The profits for November dropped by just over 13% according to the National Bureau of Statistics, compared to a drop of 5.5% in October, leading to calls for more stimulus policies.
The report saw that the Chinese automotive industry recorded a 7.5% rise in profits, and high-tech manufacturing was ahead of the pack with a 10% increase, outperforming more traditional industry.
Weak domestic demand and consumer confidence have driven the fall, with President Xi Jinping's economic team fighting to get the industrial sector and broader economy back on track for the long term.
After a two day policy conference this week, China’s finance ministry doubled down on promising more active fiscal policy for next year, but details were scarce, outside of a boost in funding for to invest in “new quality productive forces”.
