Hey everyone! Exciting news: the Chinese mainland's major industrial firms (those with annual revenues above 20 million yuan, about $2.8M) saw their profits climb 3.2% in the first nine months of 2025. That's a whopping 5.37 trillion yuan in total! 📈
September was especially strong, with profits jumping 21.6% compared to last year. Imagine a new high score in your favorite game – that's the kind of recovery we're talking about! 🔥
So, what's fueling this boost? Yu Weining, chief statistician at the National Bureau of Statistics, points to:
- Steady growth in high-tech sectors like electronics and software ⚙️
- An uptick in equipment manufacturing, from robotics to green-energy gear 🤖
- A low base effect, meaning last year's benchmarks were softer
Overall, operating revenue rose 2.4% year on year, paced by private and foreign-funded firms leading the way. This uptick is a promising sign for investors, traders, and anyone tracking global market trends! 🌍
Stay tuned for more updates on how these shifts could impact economies worldwide. 🚀
Reference(s):
China's industrial profits up 3.2% in first 9 months of 2025
cgtn.com
