FX.co ★ China Industrial Profits Pick Up in Jan-Sept

China's industrial firms experienced a notable increase in profits, registering a 3.2% year-over-year rise to CNY 5.37 trillion in the first nine months of 2025. This marks a significant improvement from the 0.9% growth observed in the previous period. This upturn is largely attributed to the easing of Sino-U.S. trade tensions and ongoing policy measures designed to bolster business and consumer confidence. In the private sector, profit growth accelerated to 5.1% from 3.8% between January and August. Meanwhile, the profit decline at state-owned enterprises lessened to -0.3% from -1.7%. Sector-wise, substantial profit expansions were recorded in electricity and heat production at 14.4%, non-ferrous metal smelting and rolling at 14.0%, agriculture at 12.5%, computers and communications at 12.0%, electrical machinery at 11.3%, general manufacturing at 8.4%, special equipment at 6.8%, non-metallic mineral products at 5.1%, and the automotive sector at 3.45%. Additionally, ferrous metal smelting and rolling saw a turnaround from losses to profits. However, some sectors experienced declines, notably coal mining and washing at -51.1%, oil and natural gas at -13.3%, textiles at -5.9%, and chemicals at -4.4%.