📈 Good vibes from the Chinese mainland’s industrial sector! Profits of the major industrial firms climbed 0.9% year-on-year in Jan – Aug 2025, snapping a months-long slump after a 1.7% drop in the first seven months.
August alone saw a massive 20.4% monthly profit jump, flipping from July’s 1.5% fall. That’s a swift rebound! 🔄
NBS statistician Yu Weining credits this upswing to smart macro policies (think government-level strategies), a deeper unified national market, and a lower comparison base from last year. In everyday terms, better policy support plus more efficient markets = healthier bottom lines.
Revenue gains laid the groundwork, too. Operating income grew 2.3% year-on-year through August—matching the earlier pace—while August revenue alone accelerated to 1.9%, up 1 point from July. More money in, more profit out!
🔧 Equipment manufacturing was the real MVP, posting a 7.2% profit hike in the first eight months. This powerhouse alone added 2.5 percentage points to overall industrial gains, showing how high-value tech and machinery can drive growth.
Still, Chinese authorities are keeping it real: global uncertainties and lukewarm domestic demand remain challenges. The call? Further boost demand and keep competition fair to build a sustainable growth path. 🌏
Reference(s):
Profits of China's major industrial firms up 0.9% in first 8 months
cgtn.com
