China's industrial profits rise for 3rd consecutive month in October

China's industrial profits continued to grow for the third consecutive month in October, rising 2.7 percent year-on-year, according to data released by the National Bureau of Statistics (NBS) on Monday.

In the first 10 months of the year, industrial profits fell 7.8 percent year-on-year, narrowing from a nine percent decline in the first nine months.

China will focus on expanding domestic demand, stimulating the vitality of businesses, promoting the transformation and upgrading of traditional industries, and cultivating and expanding emerging industries, according to the NBS.