FX.co ★ China Q2 Industrial Capacity Utilization Rate Lowest Since 2020

In the second quarter of 2025, China's industrial capacity utilization rate dropped to 74 percent, a decline from the 74.9 percent recorded during the same period in the previous year. This figure represents the lowest rate since the first quarter of 2020. The reduction mainly stems from decreased output in the mining sector, which fell to 72.7 percent from 75.2 percent in Q2 of 2024, and in the manufacturing industry, which decreased to 74.3 percent from 75 percent. Conversely, there was a slight increase in the utilization rate for sectors such as electricity, heat, gas, and water supply, rising to 71.5 percent from 71.4 percent. In the March quarter, the industrial capacity utilization rate stood at 74.1 percent. For the entire previous year, the rate had slightly relaxed to 75 percent from 75.1 percent in 2023.