NBS chief statistician Yu Weining attributed the notable uptick to accelerated factory activity and rising product prices in the first two months this year. The high-tech manufacturing sector led the profit gains, Yu highlighted, with industrial profits surging 58.7% from a year earlier, driven by robust earnings growth in companies making unmanned aerial vehicles and semiconductors.
fredag 27. mars 2026
China industrial profits surge 15% to start year, but oil price shock threatens outlook
Chinese industrial firms saw their profits surge in the first two months of this year as officials pressed ahead with efforts to contain the fallout from industrial overcapacity and lackluster consumer demand. Industrial profits jumped 15.2% from a year earlier in the January-February period, National Bureau of Statistics data showed Friday, extending a sharp rebound from a 5.3% jump in December.
NBS chief statistician Yu Weining attributed the notable uptick to accelerated factory activity and rising product prices in the first two months this year. The high-tech manufacturing sector led the profit gains, Yu highlighted, with industrial profits surging 58.7% from a year earlier, driven by robust earnings growth in companies making unmanned aerial vehicles and semiconductors.
NBS chief statistician Yu Weining attributed the notable uptick to accelerated factory activity and rising product prices in the first two months this year. The high-tech manufacturing sector led the profit gains, Yu highlighted, with industrial profits surging 58.7% from a year earlier, driven by robust earnings growth in companies making unmanned aerial vehicles and semiconductors.