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China's Industrial Profits Plunge 5.5% Amid Weak Demand

11/28/2025

Summary

Story summary

Key Information: China's National Bureau of Statistics (NBS) reports industrial profits fell 5.5% in October, the first decline in three months.
The drop follows 20% growth in August–September and stems from weak domestic demand, U.S. trade tensions, and higher financial costs.
Ten months show profits up 1.9% (vs 3.2% earlier) as mining profits fell 27.8% and manufacturing and utilities rose modestly, with analysts noting possible government support to boost consumption.

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Story summary

Key Information: China's National Bureau of Statistics (NBS) reports industrial profits fell 5.5% in October, the first decline in three months.
The drop follows 20% growth in August–September and stems from weak domestic demand, U.S. trade tensions, and higher financial costs.
Ten months show profits up 1.9% (vs 3.2% earlier) as mining profits fell 27.8% and manufacturing and utilities rose modestly, with analysts noting possible government support to boost consumption.