More Measures Required To Consolidate Industrial Profit Rebound

Authorities should focus on the increase in industrial enterprises' corporate accounts receivable and overdue debts caused by insufficient demand, and implement supporting policies to consolidate the rebound in industrial profits, 21st Century Business Herald reported citing analysts. China's industrial profits rose by 29.5% y/y in November, on top of a 2.7% increase in October, achieving positive growth for four consecutive months. Financial institutions need to develop intangible asset pledge financing services by accepting intellectual property rights, trademark rights, orders, and scientific and technological achievements, as well as increasing medium- and long-term loans and subsidised loans for manufacturers, said Guan Bing, head of industrial economics at CCID Research Institute.