China's industrial profits fell again in October but less sharply than in September, official data showed on Wednesday, as demand remained soft in the crisis-hit $19 trillion economy. Businesses are struggling to stay profitable in the face of a years-long property crisis,

Chinese authorities have introduced a series of stimulus measures to boost economic growth and shore up market confidence, including cutting interest rates and injecting liquidity into the financial system.

China's industrial profits dropped by 10% in October from a year ago, in another sign that Beijing's stimulus measures have yet to reverse a slump in corporate earnings. That followed a 27.1% year-on-year decline in September,