Profits at China's industrial firms above a designated size increased 15.7 percent year on year in the first eight months of 2026, data from the National Bureau of Statistics showed on Monday. These industrial firms, with an annual main business revenue of at least 20 million yuan, saw their combined profits reach 5.27 trillion yuan. For August alone, profits rose 4.2 percent from a year earlier.…
China's industrial firms reported a 15.7% increase in profits year-on-year in the first eight months of 2026, with combined profits reaching 5.27 trillion yuan, according to data from the National Bureau of Statistics. This growth was driven by a significant surge in profits from computer, communication, and other electronic equipment manufacturing, which jumped 110% during this period. However, the wine, beverages, and refined tea manufacturing industry experienced the steepest decline, with profits falling by 34.7%.
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