China industrial profits post strongest growth in three months, rising 14.4%
Artificial intelligence hardware and raw-material demand helped lift earnings at miners and chipmakers, while weak domestic consumption kept the recovery uneven.
- On Tuesday, official data showed profits at large industrial firms in China rose 14.4% last month, marking the strongest pace since June, as AI-linked manufacturing offset drag from weak domestic demand.
- The global AI boom and higher commodity prices stemming from the war in Iran lifted earnings at miners and chipmakers this year, creating divergence where high-tech sectors outperformed consumer-related industries.
- High-Tech electronics manufacturing profits soared 103.8% in the first nine months, while the furniture sector posted a 51.3% decline, contributing to a 15.5% overall rise in industrial profits year to date.
- "China's export strength isn't able to fully offset its domestic weakness," senior economist at Oxford Economics Shena Yue said, citing retail sales that grew only 1.1% in September.
- Beijing has held back from major new stimulus due to concerns over local government debt and fading trade-in subsidies, leaving the economy vulnerable despite the third quarter's 4.5% expansion.
28 Articles
28 Articles
Data from the China National Statistics Authority show today, Tuesday, that strong growth in the high-tech electronics and manufacturing industry helped to increase the profits of China ' s major industrial companies during the first nine months of the current year.
The figures published by China's National Bureau of Statistics (GNE) show that the profits of these companies reached about 6.03 billion yuan (809,728 million euros) in the first three quarters of the year.
In China, the combined profits of large industrial companies increased by 15.5 per cent annually between January and September 2026, to RMB 6.03 trillion ($0.9 trillion) and reported to the State Statistical Office (SSO).
China's growth in industrial profit was triggered in September, sustained by strong gains in manufacturing electronics and high technology linked to spending on artificial intelligence and digital infrastructure. Exclusive material for subscribers. To have full access, access the material link and register.
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