China’s industrial profits up in Jan–Apr ’25

China’s industrial profits increased by 1.4 per cent year-on-year during the period from January to April 2025, as per the National Bureau of Statistics (NBS) data, up from 0.8 per cent growth in the first quarter.

This suggests that stimulus measures are helping the economy amid trade tensions with the US. However, profits increased by 3.0 per cent in April, compared to a 2.6 per cent increase in the previous month.

“China’s industrial policy priorities look to be working well,” said Dan Wang, Eurasia Group’s China director. “Commodities involved in new energy and new materials supply chains are doing well, as are those in high-end manufacturing.”

Attribution: Reuters
Subediting: M. S. Salama