ECONOMY

China’s Industrial Profits Jump, Ending Three-Month Decline

Published: Sep. 29, 2025 12:08 p.m. GMT+8

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China’s industrial profits grew at their fastest pace since November 2023 in August, ending a three-month losing streak as government support policies took hold and a low comparison base from last year flattered the reading.

Profits at major industrial firms surged 20.4% year-on-year in August, a sharp reversal from a 1.5% decline in July, data from the National Bureau of Statistics (NBS) showed Saturday. For the first eight months of 2025, profits rose 0.9% from a year earlier, marking a return to growth and improving from the January-to-July period.

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China's industrial profits surged 20.4% year-on-year in August 2025, ending a three-month decline.
Manufacturing profits grew 7.4%, utilities 9.5%, while mining profits dropped 30.6% in January-August.
Private firms’ profits rose 3.3%, but financial stress remains with accounts receivable averaging 70.1 days and a 58% liability-to-asset ratio.

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