China Industrial Profits Growth Loses Steam
China’s industrial profits barely grew in Jan–Nov 2025 as weak demand and rising costs weighed on year-end performance, with November seeing a sharp contraction.
Industrial profits up just 0.1% YoY to CNY 6.63 trillion
Growth slowed sharply from 1.9% in Jan–Oct
SOEs and private firms both slipped; foreign firms lost momentum
Strong gains in tech, utilities, autos, and manufacturing
Heavy losses in coal, oil & gas, textiles, and chemicals
November profits fell 13.1% YoY, worse than October
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Zamir_Saikh