China's industrial profits extended their decline to a fourth straight month, dropping 7.3% in November from a year earlier.

China's industrial profits fell at a slower clip in November, official data showed on Friday, as policymakers pledged stronger support to prop up a faltering economic recovery.

China’s industrial firms saw their profits drop in November for a fourth straight month, on track for the sharpest annual decline since records began in 2000.

China has approved the construction of what will be the world's largest hydropower dam, kicking off an ambitious project on the eastern rim of the Tibetan plateau that could affect millions downstream in India and Bangladesh.

Beijing has approved plans to dam a gorge in the Himalayas that is three times as deep as the Grand Canyon, despite concerns about the impact on Tibet and India.

China has approved the construction of the world's largest hydropower dam on the eastern rim of the Tibetan plateau despite protests over its ecological impact and concerns it could affect millions of people downstream in India and Bangladesh.