Industrial profits up

Initial signals of stabilization are apparent, analysts say; key index shows positive signs

China's industrial profit growth came in at 9.8 percent year-on-year in October, up from 7.7 percent the previous month, a positive sign for the country's economic restructuring and macroeconomic stabilization.

The accelerated profit growth was attributable to the growth of sales revenues, rising producer prices and strong profit growth in the chemical, coal and general equipment sectors, the National Bureau of Statistics said in a statement.