China's Industrial Profits Increased by 21.6% in September: Strongest Recovery

Historic Increase in Industrial Profits in China

According to the latest data released by the National Bureau of Statistics of China (NBS), the country's industrial profits showed a significant increase of 21.6 percent in September compared to the same period last year.

The Impact of Beijing's Policies

The price control policies implemented by the Beijing administration have helped alleviate pressure on producers despite ongoing trade tensions with the USA.

Sustained Strong Recovery

This strong recovery, which started with an annual increase of 20.4 percent in August, gained momentum in September, standing out as the largest increase recorded since November 2023.

Profit Growth in the First Nine Months

According to official data, the total profit of large industrial enterprises increased by 3.2 percent in the first nine months of the year. This rate exceeded the 0.9 percent increase recorded in the January-August period, signaling a strengthening recovery in the economy.

Expert Opinions

Analysts emphasize that this positive profit increase is largely due to Beijing's regulatory measures to manage intense price competition in the industrial sectors. However, it has been observed that deflation in producer prices has entered its third year and weakness on the demand side continues.