China's SOEs reported higher revenue but lower profits, with debt levels rising to 64.9% of assets.

China's state-owned enterprises (SOEs) saw a 1.3% rise in revenue to over 74.89 trillion yuan (about 10.42 trillion USD) in the first 11 months of the year, but their combined profits fell by 0.1% to around 3.85 trillion yuan. The debt-to-asset ratio for SOEs reached 64.9% by November. The data excludes financial firms and covers SOEs in provincial regions and those managed by the central government.