RTTNews reports that data released by the National Bureau of Statistics showed that China's industrial profits logged a double-digit annual growth in November, but the pace of growth moderated notably.

Industrial profits increased 15.5 percent on a yearly basis in November, following a 28.2 percent surge posted in October.

The statistical office said that the slowdown in November was largely driven by a higher base compared with October.

During the January to November period, profits of industrial firms climbed 2.4 percent from the same period last year.