BEIJING, Dec. 27 (Xinhua) -- Chinese industrial businesses saw their profits rise 9.7 percent year on year in November, slowing from 15.1 percent in October, official data showed on Friday.

Total profits of industrial companies with annual revenues of more than 20 million yuan (3.3 million U.S. dollars) reached 707 billion yuan in November, the National Bureau of Statistics (NBS) said in a statement.