China's industrial profit growth has slowed to a record low in November, according to data released by the National Bureau of Statistics. The country's large-scale industrial enterprises saw their profit decline by 4.7% year-on-year in the first 11 months of the year, marking the largest decrease since 2000. In November alone, industrial profit fell by 7.3% from the same month last year, a decline of 2.7 percentage points from October. This surge in decrease is the largest on record in nearly two decades, surpassing the median forecast of economists surveyed by Bloomberg. The weak profit growth is a sign of slower economic activity in China, which has been grappling with a slowdown in manufacturing and consumption. The data also highlights the challenges facing China's Communist Party as it seeks to balance economic growth with its environmental and social goals. The government has been implementing policies to boost the private sector and increase investment in strategic industries, but the results have been slow to materialize. As a result, the economy has been under pressure, and the government has been forced to implement stimulus packages to boost growth. The latest data suggests that China's economic slowdown may be more persistent than previously thought, and the government may need to take further action to support the economy.